NEW YORK (AP) — NEW YORK (AP) — Riskified Ltd. (RSKD) on Wednesday reported a loss of $7.8 million in its third quarter.
On a per-share basis, the New York-based company said it had a loss of 5 cents. Earnings, adjusted for stock option expense and amortization costs, came to 4 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The provider of fraud-prevention services posted revenue of $81.9 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $80.2 million.
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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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