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Flywire: Q2 Earnings Snapshot
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BOSTON (AP) — BOSTON (AP) — Flywire Corporation (FLYW) on Tuesday reported a loss of $8.1 million in its second quarter.

On a per-share basis, the Boston-based company said it had a loss of 7 cents. Earnings, adjusted for stock option expense, came to 4 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The payments company posted revenue of $167.7 million in the period. Its adjusted revenue was $163.8 million, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $154.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLYW at https://www.zacks.com/ap/FLYW

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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