{"id":183591,"date":"2023-11-14T17:39:59","date_gmt":"2023-11-14T17:39:59","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183591"},"modified":"2023-11-14T17:39:59","modified_gmt":"2023-11-14T17:39:59","slug":"paysafe-climbs-on-decision-to-buy-back-shares","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/paysafe-climbs-on-decision-to-buy-back-shares\/","title":{"rendered":"Paysafe Climbs On Decision To Buy Back Shares"},"content":{"rendered":"
Shares of online payments platform Paysafe Limited (PSFE) are rallying more than 21% Tuesday morning after the company announced a share buyback of up to $50 million of shares.<\/p>\n
For the third quarter, Paysafe reported net loss of $2.55 million, or $0.04 per share, compared with profit of 978,000 or $0.02 per share in the same quarter a year ago.<\/p>\n
Excluding special items, the company posted earnings of $35.3 million, or $0.57 per share.<\/p>\n
Revenue for the quarter was $396.4 million, an increased 8%.<\/p>\n
PSFE is at $12.97 currently. It has traded in the range of $9.25 – $24.25 in the last 1 year. <\/p>\n