08:19 AM EDT, 08/09/2024 (MT Newswires) -- Pagaya Technologies ( PGY ) reported Q2 adjusted earnings Friday of $0.10 per diluted share, up from $0.01 a year earlier.

Analysts polled by Capital IQ expected $0.28.

Revenue for the quarter ended June 30 was $250.3 million, compared with $195.6 million a year earlier.

Analysts surveyed by Capital IQ expected $239.3 million.

The company said it now expects 2024 revenue of $975 million to $1.05 billion, compared with its prior guidance range of $925 million to $1.05 billion. Analysts polled by Capital IQ expect $996.9 million.

Pagaya Technologies ( PGY ) also said it expects Q3 revenue of $250 million to $260 million. Analysts polled by Capital IQ expect $248 million.

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