NEW YORK (AP) — NEW YORK (AP) — Riskified Ltd. (RSKD) on Wednesday reported a loss of $11.6 million in its first quarter.
The New York-based company said it had a loss of 7 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 4 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The provider of fraud-prevention services posted revenue of $76.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $75.4 million.
Riskified expects full-year revenue in the range of $323 million to $335 million.
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