Repay Holdings Corp Cl A (RPAY) said after close Thursday that it earned $0.21 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 $74.3 million, beating estimates by $4.7 million.
In the same quarter a year ago, the company earned $0.24 per share on revenue of $71.6 million.
The stock is up 5.02% to $6.48 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Repay Holdings Corp Cl A has performed a little below average during the past few months. Before the report, Repay Holdings Corp Cl A received a Long-Term Technical Rank by InvestorsObserver of 26, putting it in the bottom half of stocks. The firm set a 52-week low on May 2, 2023 at $5.61 and set a 52-week high on February 3, 2023 at $10.43.
Repay Holdings Corp is engaged in providing integrated payment processing solutions to verticals that have transaction processing needs. It allows customers to pay through Mobile App, Text, Interactive Voice Response, Virtual Terminal, Hosted Payment Page and Online Customer Portal among others. It operates in one segment, Merchant services.
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Repay Holdings Corp Cl A Up 5.02% To $6.48 After Earnings Meet
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