Paymentus: Q3 Earnings Snapshot

ADDISON, Texas (AP) — ADDISON, Texas (AP) — Paymentus Holdings Inc. (PAY) on Monday reported third-quarter profit of $27.5 million.

On a per-share basis, the Addison, Texas-based company said it had net income of 21 cents. Earnings, adjusted for one-time gains and costs, were 25 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The electronic bill payment services posted revenue of $372.2 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $358.9 million.

For the current quarter ending in December, Paymentus said it expects revenue in the range of $373 million to $378 million.

The company expects full-year revenue in the range of $1.46 billion to $1.47 billion.

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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 PAY at https://www.zacks.com/ap/PAY