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Update: Klarna Shares Rise After Q1 Loss Narrows, Revenue Increases

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(Updates with latest stock movement in headline and first paragraph.)

Klarna (KLAR) shares were up 15% in early trading Thursday after the company posted a narrower net loss and higher revenue for Q1.

The company reported a Q1 net loss 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.

Price: $15.91, Change: $+2.22, Percent Change: +16.18%

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