BOSTON (AP) — BOSTON (AP) — Flyware Corp. (FLYW) on Tuesday reported a loss of $13.9 million in its second quarter.
The Boston-based company said it had a loss of 11 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The payments company posted revenue of $103.7 million in the period. Its adjusted revenue was $99.9 million, beating Street forecasts. Seven analysts surveyed by Zacks expected $99.6 million.
For the current quarter ending in September, Flyware said it expects revenue in the range of $141 million to $151 million.
The company expects full-year revenue in the range of $469 million to $485 million.
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