Recap: Flywire Q4 Earnings
Portfolio Pulse from Benzinga Insights
Flywire (NASDAQ:FLYW) reported Q4 earnings with an EPS of $0.01, surpassing the estimated -$0.07 by 114%. Revenue increased by $27.49 million year-over-year. Despite missing EPS estimates last quarter leading to a 25% share price drop, this quarter's performance marks a significant improvement.
February 27, 2024 | 9:30 pm
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Flywire reported a significant beat on Q4 earnings estimates with an EPS of $0.01 against an expected -$0.07, and a notable year-over-year revenue increase.
Flywire's substantial beat on earnings estimates and the significant increase in revenue year-over-year are likely to positively impact investor sentiment and the stock price in the short term. This is especially relevant considering the stock's previous drop after missing EPS estimates last quarter, indicating that this positive earnings report could lead to a rebound in stock price.
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