Flywire shares are trading lower after the company reported worse-than-expected Q1 EPS results and issued Q2 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Flywire shares are trading lower following the announcement of worse-than-expected Q1 EPS results and Q2 revenue guidance that fell below estimates.
May 07, 2024 | 8:42 pm
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NEGATIVE IMPACT
Flywire reported disappointing Q1 EPS results and provided Q2 revenue guidance below market expectations, leading to a decline in its stock price.
The negative impact on Flywire's stock price is directly related to the company's worse-than-expected earnings report for Q1 and the lower-than-anticipated revenue guidance for Q2. These factors typically lead to a loss of investor confidence and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100