- Payoneer Global Inc PAYO will replace Lantheus Holdings, Inc LNTH in the S&P SmallCap 600 effective before trading on October 12th.
- Lantheus replaced Targa Resources, Inc TRGP in the S&P MidCap 400.
- Targa replaced Nielsen NV NLSN in the S&P 500.
- Elliot Management Corp to acquire Nielsen in a likely transaction closed on October 11th.
- Payoneer posted second-quarter revenue growth of 34% to $148.2 million, beating consensus of $131.5 million. Earnings per share of $0.01 beat consensus loss of $(0.06).
- “Payoneer has delivered strong revenue growth and profitability,” said Scott Galit, Payoneer’s co-CEO, in the Q2 report. “The results underscore our multi-year investments in building a diverse and global business model across industries, products and geographies, which together continue to increase our overall effective adoption rate. We are increasing the number of clients using our services and benefiting from our strategy of expanding into higher value services, better than expected results from Ukraine and tailwind from rising interest rates.”
- Price promotion: PAYO stock closed up 3.07% at $7.06 on Thursday.
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