Shares of Payoneer Global Inc. (NASDAQ: PAYO) tumbled 6.73% in pre-market trading on Wednesday following the company's first-quarter earnings release and the suspension of its full-year 2025 guidance. The global financial technology firm, which powers business growth across borders, reported mixed results and cited macroeconomic uncertainties as reasons for withdrawing its outlook.

Payoneer's Q1 earnings per share (EPS) came in at $0.05, falling short of analyst estimates ranging from $0.06 to $0.07. While the company's revenue of $246.6 million slightly exceeded expectations of $244.5 million, the earnings miss and guidance suspension appeared to overshadow this positive aspect. The company reported a net income of $20.6 million for the quarter, down from $29.0 million in the same period last year.

In a statement, Payoneer's Chief Financial Officer, Bea Ordonez, explained the decision to suspend guidance: "Given the rapidly evolving and uncertain global macro and trade environment, at this time, we are suspending our previously issued full year 2025 guidance. There are a broad range of potential outcomes and as a company supporting cross-border businesses that may be negatively impacted, we face substantial risks which could impact our financial results." This cautious stance, coupled with the earnings miss, appears to have spooked investors, leading to the significant pre-market decline.