Why Flywire Corporation Stock Is Tanking Today
Portfolio Pulse from Erica Kollmann
Flywire Corporation (NASDAQ:FLYW) reported Q3 earnings of 8 cents per share, up from a loss of 4 cents per share YoY, and revenue of $123.3 million, beating the $122.071 million estimate. Despite this, shares are down after several analysts lowered their price targets. The stock is down by more than 20.17% at $20.17.
November 08, 2023 | 6:54 pm
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Flywire Corporation's stock is down despite beating Q3 estimates, following lowered price targets by several analysts.
Flywire Corporation reported better than expected Q3 results. However, several analysts lowered their price targets for the company, which likely contributed to the stock's decline. The high trading volume indicates a strong market reaction to these events.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100