GameStop and AMC Entertainment shares continue their tremendous surge, Home Depot’s first-quarter earnings top estimates, and Alibaba misses expectations for fiscal fourth-quarter profit.
Paysafe stock was rising sharply Tuesday after the payments company posted first-quarter financial results that beat Wall Street estimates. Susquehanna Financial Group analyst James Friedman said in a research note that Paysafe “delivered its best quarter yet as a public company.” Shares of Paysafe were rising 24% Tuesday to $19.36, which would be their highest close since March 9, 2023 and largest percentage increase since Nov. 14, 2023, according to Dow Jones Market Data.
Paysafe Limited (PSFE) delivered earnings and revenue surprises of 67.65% and 2.49%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?