BOSTON (AP) — BOSTON (AP) — Flywire Corporation (FLYW) on Tuesday reported first-quarter profit of $12.5 million.
The Boston-based company said it had profit of 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The payments company posted revenue of $188.1 million in the period. Its adjusted revenue was $184 million, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $168.2 million.
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