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via finance.yahoo.comBusiness & Companies

Riskified beats Q3 estimates with revenue up 41% and raises full-year outlook; shares surge

FROM THE WIRE · FINANCE.YAHOO.COM

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Riskified Ltd. stock surged Wednesday after the fraud prevention company reported better-than-expected third-quarter results and raised its full-year outlook. Riskified reported…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA quarter ahead of expectations with a raised outlook typically supports the stock of a small-cap company.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Riskified reported adjusted earnings of 7 cents per share, versus a 3-cent analyst estimate.
  2. 02Revenue rose 41% year over year to $115.18 million, above expectations of $103.41 million.
  3. 03CEO Eido Gal said demand for fraud prevention tools helped raise the outlook for the third time this year.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Riskified Ltd.RSKDStock9.27 USDMarket closedtoday -1.59%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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