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FINWIRES

Klarna Q1 Net Loss Narrows, Revenue Rises

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Klarna (KLAR) reported a Q1 net loss Thursday of $0.01 per diluted share, compared with a loss of $0.26 a year earlier.

Analysts polled by FactSet expected a loss of $0.17.

Revenue for the quarter ended March 31 was $1.01 billion, up from $701 million a year earlier.

Analysts polled by FactSet expected $944.1 million.

Shares of the company were up over 4% in Thursday premarket activity.

Price: $14.30, Change: $+0.55, Percent Change: +4.46%

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