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Why Paysign Stock Popped Today

TheMotleyFool

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Shares of Paysign (NASDAQ: PAYS) were up 15% as of 3:30 p.m. EST Wednesday after the prepaid-card program and processing services specialist announced better-than-expected third-quarter 2019 earnings and the onboarding of key customer programs.

More specifically on the former, Paysign's quarterly revenue grew 40.3% year over year to just over $9 million, translating to net income of $3 million, or $0.06 per share. Most analysts were modeling earnings of $0.04 per share on revenue closer to $9.3 million.

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Source Fool.com

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