How did FLYW's Q1 2024 earnings surprise impact its stock?

Flywire's (FLYW) Q1 2024 earnings surprise had a negative impact on its stock, as evidenced by the significant decline of 3.49% following the earnings release on March 31, 2024. This suggests that the market reacted poorly to the earnings news, potentially due to concerns about the company's financial performance or future prospects.

|code|Ticker|Name|Date|Revenue Surprise|Revenue Surprise YoY|market_code|
|---|---|---|---|---|---|---|
|FLYW|FLYW.O|Flywire|2023 Q2|9739000|30.42721307084505|185|
|FLYW|FLYW.O|Flywire|2023 Q3|1493000|-58.77967973495306|185|
|FLYW|FLYW.O|Flywire|2023 Q4|9935000|88.7706631198936|185|
|FLYW|FLYW.O|Flywire|2024 Q1|6180000|-41.069896061790786|185|

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|FLYW|FLYW.O|Flywire|20240403|1.738|185|