Payoneer jumps after raising 2024 revenue forecast above estimates
** Financial technology firm Payoneer's PAYO.O shares rise ~7.5% to $9.16 in morning trading
** PAYO now expects its 2024 revenue to be between $950 mln and $960 mln, vs prior range of $920 mln to $930 mln
** Analysts on average were expecting $928.7 mln, according to estimates compiled by LSEG
** Company also raises its forecast for adjusted core earnings to between $255 mln and $265 mln for FY24, compared with $225 mln to $235 mln earlier
** "We have delivered seven consecutive quarters of accelerating volume growth and in the third quarter accelerated revenue growth excluding interest income to 24%," says CFO Bea Ordonez
** Q3 profit jumps to $41.6 mln vs $12.8 mln a year earlier
** Volume climbs to $20.4 bln in the quarter, up 25% from the year ago
** As of last close, PAYO up ~63.5% YTD
Reporting by Manya Saini in Bengaluru
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