Planet Payment Posts Wider Q3 Net Loss

Planet Payment

posted a wider third-quarter net loss. Planet Payment's quarterly net revenue rose around 3% to $9.9 million, from $9.7 million, in the year-ago period. Its quarterly net loss widened from $0.4 million to $4.0 million. Planet Payment projects full year net revenue of $43.0 million to $43.5 million and net loss of $4.2 million to $4.7 million. Planet Payment shares closed at $2.97 yesterday.