Paymentus Holdings, Inc. (PAY) has announced its third-quarter earnings, showcasing a notable increase compared to the previous year and surpassing Wall Street predictions. The company reported a net profit of $14.4 million, translating to earnings of $0.11 per share. This marks an improvement from the $6.4 million, or $0.05 per share, recorded during the same period last year.
On an adjusted basis, Paymentus Holdings, Inc. achieved earnings of $19.6 million, or $0.15 per share, for the quarter. These figures exceeded analysts' expectations, which were set at approximately $0.09 per share, based on data gathered by Thomson Reuters. Analysts' projections generally exclude special items from their calculations.
In terms of revenue, the company's earnings for the quarter experienced a significant surge of 51.9%, reaching $231.571 million, up from $152.423 million in the previous year.
Key highlights for Paymentus Holdings, Inc. (GAAP figures) include:
- Earnings (Q3): $14.4 million, compared to $6.4 million last year.
- Earnings Per Share (EPS) (Q3): $0.11, up from $0.05 last year.
- Revenue (Q3): $231.571 million, compared with $152.423 million in the prior year.
**Outlook**: For the next quarter, the company projects revenue between $215 million and $220 million, while the full-year revenue is anticipated to range from $829 million to $834 million.
