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Why Remitly Global Stock Jumped Today

TheMotleyFool

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Shares of Remitly Global (NASDAQ: RELY) were surging today after the remittance specialist posted another strong quarterly earnings report, topping estimates on the top and bottom lines, and it raised its full-year guidance.

As of 9:48 a.m. ET on Thursday, the stock was up 28%.

Remitly, which specializes in digital remittance payments, helping immigrants send money back to their home countries, said that revenue was up 49% to $234 million, topping estimates at $215.8 million.

Source Fool.com

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