10 Stocks Drop by Double Digits Mostly Due to Disappointing Earnings

8. Payoneer Global Inc. (NASDAQ:PAYO)

Payoneer declined by 14.73 percent on Thursday to end at $8.68 each as investor sentiment was dampened by its dismal earnings performance last year.

In the fourth quarter of 2024, net income declined by 33 percent to $18.2 million from $27 million, despite revenues increasing by 17 percent to $261.7 million from $224.3 million.

Net income for the full year, however, registered a 30-percent increase at $121.2 million last year versus $93.3 million in 2023, as revenues rose 18 percent to $977.7 million from $831.1 million in 2023.

Looking ahead, PAYO Chief Executive Officer John Caplan said that the company “will focus on expanding our regulatory moat, modernizing our technology infrastructure and further enhancing our financial stack, while seeking to deliver continued strong growth and profitability.”

For 2025, PAYO expects revenues to settle between $1.04 billion and $1.05 billion, with adjusted EBITDA ranging between $255 million and $265 million.