BOSTON (AP) — BOSTON (AP) — Flywire Corporation (FLYW) on Tuesday reported a loss of $15.9 million in its fourth quarter.
The Boston-based company said it had a loss of 12 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The payments company posted revenue of $117.6 million in the period. Its adjusted revenue was $112.8 million, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $120.1 million.
_____
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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.