BOSTON (AP) — BOSTON (AP) — Flyware Corp. (FLYW) on Tuesday reported fourth-quarter profit of $1.3 million.
On a per-share basis, the Boston-based company said it had net income of 1 cent.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The payments company posted revenue of $100.5 million in the period. Its adjusted revenue was $96.1 million, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $88.4 million.
For the year, the company reported a loss of $8.6 million, or 7 cents per share. Revenue was reported as $381.5 million.
For the current quarter ending in March, Flyware said it expects revenue in the range of $106 million to $111 million.
The company expects full-year revenue in the range of $483 million to $509 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLYW at https://www.zacks.com/ap/FLYW