Flywire shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and cut its FY24 revenue guidance. The company announced it acquired Invoiced.
Portfolio Pulse from Benzinga Newsdesk
Flywire shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and cut its FY24 revenue guidance. The company also announced it acquired Invoiced.
August 07, 2024 | 12:51 pm
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Flywire's shares are trading lower due to disappointing Q2 adjusted EPS results and a reduction in FY24 revenue guidance. The acquisition of Invoiced was also announced.
The worse-than-expected Q2 adjusted EPS results and the cut in FY24 revenue guidance are likely to negatively impact investor sentiment and the stock price in the short term. The acquisition of Invoiced, while potentially positive in the long term, is overshadowed by the immediate financial disappointments.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100