12:28 PM EST, 11/05/2024 (MT Newswires) -- (Updates with stock price movement in headline and first paragraph.)

Payoneer Global ( PAYO ) shares jumped more than 19% in recent Tuesday trading after the company's Q3 results topped analysts' estimates.

Payoneer reported Q3 net income 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.

Price: 10.17, Change: +1.65, Percent Change: +19.37