Why Paymentus Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Paymentus Holdings, Inc. (PAY) shares surged 18.3% in pre-market trading after reporting Q4 earnings and sales that exceeded analyst expectations. Other stocks showed significant movement in pre-market trading due to various factors including earnings reports, contract awards, and market volatility.
March 05, 2024 | 1:06 pm
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Paymentus Holdings, Inc. shares rose sharply after reporting better-than-expected Q4 financial results, with earnings of 11 cents per share and sales of $164.8 million.
The significant rise in PAY's pre-market trading is directly attributed to its Q4 financial performance surpassing analyst estimates, indicating strong company performance and potentially positive future outlook.
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