Flywire Beats Q3 Earnings and Revenue Estimates, Shares Down 34.9% YTD

Flywire (FLYW) has reported Q3 earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. The company's revenue of $194.1 million surpassed the Zacks Consensus Estimate by 8.11%. Flywire shares have lost about 34.9% since the beginning of the year, but the company's earnings outlook remains positive with a Zacks Rank of #3 (Hold).