Riskified: Q1 Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RSKD at https://www.zacks.com/ap/RSKD

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