Nuvei Corp (NVEI) said after close Tuesday that it earned $0.39 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $304.9 million, beating estimates by $1.6 million.
In the same quarter a year ago, the company earned $0.43 per share on revenue of $197.1 million.
The stock is up 15.97% to $18.27 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Nuvei Corp a Bullish Sentiment Rank from InvestorsObserver.
Nuvei Corp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 12, putting Nuvei Corp in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $13.32 on October 27, 2023 and set a 52-week high on April 14, 2023 at $43.81.
Nuvei Corp is a provider of payment technology solutions to merchants and partners. The solutions provided are mobile payments, online payments, and In-store payments. Its geographical segments are North America; Europe, the Middle East, and Africa; Latin America; and the Asia Pacific.
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Nuvei Corp Up 15.97% To $18.27 After Earnings Miss
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