BUZZ-Paysafe slides after Q1 profit misses estimates

Reuters
9 hours ago
BUZZ-Paysafe slides after Q1 profit misses estimates

** Payments firm Paysafe's PSFE.N shares slide 14.4% to $13.90

** PSFE reports Q1 profit below Wall Street expectations, after beating estimates in the prior quarter

** Co has now missed profit estimates thrice in the past four quarters, per LSEG

** RBC analyst Daniel Perlin says it was an underwhelming start to the year, with investors questioning the ability of the company to accelerate growth to the extent needed to hit forecast

** Don't think it's off the table but proof-points are certainly needed in 2Q, Perlin says

** 1 of 7 brokerages rates the stock "strong buy", 4 "hold" and 2 "sell"; median PT is $16.50 - data compiled by LSEG

** As of last close, PSFE stock down 5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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