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NEW YORK (AP) — NEW YORK (AP) — Riskified Ltd. (RSKD) on Wednesday reported a loss of $13.9 million in its first quarter.
The New York-based company said it had a loss of 9 cents per share. Earnings, adjusted for stock option expense and restructuring costs, came to 3 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The provider of fraud-prevention services posted revenue of $82.4 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $79.1 million.
Riskified expects full-year revenue in the range of $333 million to $346 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RSKD at https://www.zacks.com/ap/RSKD