BOSTON (AP) — BOSTON (AP) — Flyware Corp. (FLYW) on Tuesday reported a loss of $6.2 million in its first quarter.
The Boston-based company said it had a loss of 5 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The payments company posted revenue of $114.1 million in the period. Its adjusted revenue was $110.2 million, beating Street forecasts. Seven analysts surveyed by Zacks expected $108.5 million.
For the current quarter ending in June, Flyware said it expects revenue in the range of $96 million to $104 million.
The company expects full-year revenue in the range of $478 million to $498 million.
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