BOSTON (AP) — BOSTON (AP) — Flywire Corporation (FLYW) on Tuesday reported a loss of $12 million in its second quarter.
The Boston-based company said it had a loss of 10 cents per share. Losses, adjusted for restructuring costs, came to 9 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The payments company posted revenue of $131.9 million in the period. Its adjusted revenue was $127.5 million, beating Street forecasts. Eight analysts surveyed by Zacks expected $119.9 million.
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