Investing.com - Paysafe reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Paysafe announced earnings per share of $0.04 on revenue of $365.99M. Analysts polled by Investing.com anticipated EPS of $0.04 on revenue of $356.63M.
Paysafe shares are down 4.96% from the beginning of the year and are trading at $1.33 , down-from-52-week-high.
Paysafe shares gained 12.71% in intra-day trade the report.
Paysafe follows other major Information Technology sector earnings this month
Paysafe's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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