Paysafe Limited (PSFE) delivered mixed Q3 2021 results characterized by softer-than-expected revenues, reflecting performance challenges in the digital wallet business. However, the company continues to affirm strong business momentum in high growth and disruptive markets. PSFE shares fell 41.68% to close at $4.24 on November 11. Paysafe offers a specialized payments platform that enables businesses and consumers to connect and transact seamlessly. It offers online cash solutions and digital wallets. (See Top Smart Score Stocks on TipRanks) Q3 Results Revenue in the quarter dropped 1% year-over-year to $353.6 million, missing consensus estimates of $370.63 million. Total payment volume increased 19% year-over-year to $31.1 billion.
https://www.tipranks.com/news/paysafe-limited-q3-revenue-misses-estimates-guidance-revised?utm_source=advfn.com&utm_medium=referral
Paysafe (NYSE:PSFE)
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