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Why Paysafe Stock Is Soaring Today

TheMotleyFool

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Shares of Paysafe (NYSE: PSFE), a payments platform, were skyrocketing this morning after the company reported better-than-expected fourth-quarter results.

Investors reacted positively to the company beating analysts' consensus estimate for revenue in the quarter and pushed the tech stock up by 10% as of 10:29 a.m. ET.

Paysafe's sales of $371.7 million in the fourth quarter were essentially flat on a year-over-year basis, but that revenue easily beat Wall Street's consensus estimate of $357.4 million for the quarter.

Source Fool.com

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