NEW YORK (AP) — NEW YORK (AP) — Riskified Ltd. (RSKD) on Wednesday reported a loss of $9.7 million in its third quarter.
The New York-based company said it had a loss of 6 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 3 cents per share.
The results surpassed 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 $78.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $74.9 million.
Riskified expects full-year revenue in the range of $322 million to $327 million.
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