Previous close | 17.83 |
Open | 17.55 |
Bid | 17.50 x 400 |
Ask | 17.56 x 200 |
Day's range | 17.02 - 17.74 |
52-week range | 15.83 - 27.95 |
Volume | |
Avg. volume | 1,281,393 |
Market cap | 3.375B |
Beta (5Y monthly) | 0.16 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Remitly Global (RELY) delivered earnings and revenue surprises of 21.43% and 1.08%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Active Customer Growth Fuels Strong Quarter, Beating Revenue Estimates
Online money transfer platform Remitly (NASDAQ:RELY) missed analysts' expectations in Q1 CY2024, with revenue up 32% year on year to $269.1 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $1.24 billion at the midpoint. It made a GAAP loss of $0.11 per share, improving from its loss of $0.16 per share in the same quarter last year.