Why Paysafe Stock Crashed Today
Shares of Paysafe (NYSE: PSFE) plunged on Thursday after the payments platform issued a forecast for sales and profit that fell well short of investors' expectations.
As of 2:15 p.m. EST, Paysafe's stock price was down more than 40%.
Paysafe's revenue declined by 1% year over year to $353.6 million. That was significantly below Wall Street's projections, which had called for revenue of over $370 million.
Source Fool.com
