By Josh Beckerman
Paymentus Holdings shares after the company reported fourth-quarter results above Wall Street estimates and said it expects solid growth in 2025.
The stock was recently up 21% to $29.93 and is down about 8% this year.
The billing and payment technology company said revenue increased to $257.9 million from $164.8 million. Adjusted earnings per share were 13 cents. Analysts polled by FactSet expected revenue of $213 million and adjusted earnings of 12 cents a share.
Paymentus expects 2025 revenue of $1.04 billion to $1.06 billion, compared with $871.7 million in 2024.
The company processed 166 million transactions during the fourth quarter, up 33%.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 11, 2025 13:57 ET (17:57 GMT)
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