Flywire Reports Third Quarter 2023 Financial Results

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Go back to Flywire Reports Third Quarter 2023 Financial Results

Flywire Corporation (FLYW) shares drop 27% as Q3 profit impacted by FX headwinds

November 8, 2023 11:36 AM EST

Flywire Corporation (NASDAQ: FLYW) dropped significantly Wednesday on the back of its latest quarterly results, which saw it miss consensus earnings expectations.

After the close Tuesday, the company reported Q3 EPS of $0.08, $0.02 worse than the analyst estimate of $0.10, while revenue for the quarter came in at $123.32 million, up 29.5% YoY and above the consensus estimate of $119.32 million.

FLY shares are down around 27% at the time of writing,... More