Remitly Global Stock News

Growth is accelerating for this remittance upstart.

These three stocks have dropped over 30% from their 52-week highs. At the same time, analysts expect strong revenue and earnings growth for them soon.

Shares of the fintech company popped on a strong earnings report.

Remitly Global, Inc. (NASDAQ:RELY ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Stephen Shulstein - Vice President, Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Vikas Mehta - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citi Andrew Bauch - Wells Fargo Ramsey El-Assal - Barclays Will Nance - Goldman Sa...

Shares of Remitly surged in after-hours trading as the Seattle-based digital remittance company reported its first profitable quarter.

Active customers up 35% year over year Revenue up 39% year over year Achieved GAAP net income profitability and record Adjusted EBITDA SEATTLE, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of digital financial services that transcend borders, reported results for the third quarter ended September 30, 2024. “I am grateful to our customers and global t...

Remitly (RELY) stock has underperformed the market this year, falling by over 22% even as the Nasdaq 100 and S&P 500 indices have soared by 20%+ and moved to their all-time highs.  It remains 47% below its highest level in 2023 and by 72% from its all-time high, bringing its market cap to $2.9 billion.

Durable revenue growth is a key to finding winning stocks. Rocket Lab is growing like gangbusters in the burgeoning space economy.