Payoneer Stock Jumps On Q3 Earnings: The Details

Payoneer Global Inc (NASDAQ:PAYO) reported third-quarter financial results before the market open on Tuesday. Here’s a rundown of the report.

Q3 Revenue: $248.27 million, versus estimates of $225.48 million

Q3 EPS: 11 cents, versus estimates of 4 cents

Payoneer reported $1.4 billion of spend on Payoneer cards in the third quarter, up 41% year-over-year. The company also reported record quarterly volume, up 25% year-over-year.

“Payoneer delivered record quarterly volume and revenue, and significant profitability ...