Klarna Group Plc (NYSE:KLAR) shares are trading lower on Friday.
On Thursday, the company reported first-quarter results that topped Wall Street estimates, driven by strong consumer and merchant growth across its global payments network.
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Earnings Snapshot & Outlook
Revenue rose 44% year over year to $1 billion, ahead of the analyst consensus estimate of $945.1 million. Net income swung to a profit of $1 million from a loss of $99 million in the prior-year quarter.
