BOSTON (AP) — BOSTON (AP) — Flywire Corporation (FLYW) on Tuesday reported a loss of $8.1 million in its second quarter.
On a per-share basis, the Boston-based company said it had a loss of 7 cents. Earnings, adjusted for stock option expense, came to 4 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The payments company posted revenue of $167.7 million in the period. Its adjusted revenue was $163.8 million, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $154.3 million.
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