08:32 AM EST, 11/05/2024 (MT Newswires) -- Payoneer Global ( PAYO ) reported Q3 net income Tuesday of $0.11 per diluted share, up from $0.03 a year earlier.

Analysts polled by Capital IQ expected $0.05.

Revenue for the quarter ended Sept. 30 was $248.3 million, up from $208.0 million a year earlier.

Analysts surveyed by Capital IQ expected $225.5 million.

For 2024, the financial services company raised its revenue outlook to between $950 million and $960 million from a previous projection of $920 million to $930 million. Analysts polled by Capital IQ expect $928.7 million.

Shares of the company increased 10% in recent premarket activity.

Price: 9.40, Change: +0.88, Percent Change: +10.33