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Why Paysafe Stock Is Falling Hard Today

Chris Neiger, The Motley Fool
·2-min read
Why Paysafe Stock Is Falling Hard Today

Shares of Paysafe (NYSE: PSFE), a payments platform company, were falling this morning after the company missed Wall Street's consensus revenue estimate for the first quarter. The financial technology stock was down by 10.7% as of 10:48 a.m. ET on Wednesday. Several things disappointed Paysafe investors this morning, including the fact that the company's first-quarter sales of $367.7 million dropped 3% from the year-ago quarter and missed analysts' average estimate of $371.6 million.

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