This Payment Stock Jumps 25% on Guidance Hike. CEO Points to 'Exceptional Holiday Demand.' -- Barrons.com

Dow Jones
01-16

By Emily Dattilo

Shares of Sezzle were rising sharply after the "buy now, pay later" company increased its outlook for the fiscal year.

Sezzle stock gained 25% to $324 in premarket trading, and was on track for its largest daily percentage increase since November, according to Dow Jones Market Data.

Ahead of its attendance at the Annual Needham Growth Conference, Sezzle said it expects 2024 adjusted earnings per share above the previous forecast of $9.80. Analysts had expected $9.77, according to FactSet. The company also said it expects to exceed its previous revenue guidance for 2024 of 55% growth.

"Exceptional holiday demand and the effective execution of our strategic initiatives fueled our fourth-quarter outperformance, and gives us confidence that we will exceed our prior 2024 guidance," said CEO Charlie Youakim in a statement. "We're encouraged by these positive trends, with credit losses aligning with expectations."

Write to Emily Dattilo at emily.dattilo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

January 16, 2025 09:24 ET (14:24 GMT)

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