Investing.com - Payoneer Global Inc reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Payoneer Global Inc announced earnings per share of $-0.08 on revenue of $158.92M. Analysts polled by Investing.com anticipated EPS of $-0.02 on revenue of $146.64M.
Payoneer Global Inc shares are up 4.35% from the beginning of the year, still down 26.70% from its 52 week high of $9.29 set on November 16, 2021.
Payoneer Global Inc follows other major Information Technology sector earnings this month
Payoneer Global Inc's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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