10 Unexpected Market Movers – What Propelled Double-Digit Gains?

2. Sezzle Inc. (NASDAQ:SEZL)

Shares of Sezzle Inc. surged by 42.14 percent on Thursday to close at $74.98 apiece following a strong earnings performance that bolstered its revenue guidance for the rest of the year.

In a statement, Sezzle Inc. (NASDAQ:SEZL) said net income for the first quarter of the year jumped by 351.6 percent to $36.164 million from $8.007 million in the same period a year earlier.

Revenues similarly expanded by 123.3 percent to $104.9 million from $46.98 million year-on-year, thanks to the higher engagement and sustained lift from its partnership with WebBank.

Following the strong performance, Sezzle Inc. (NASDAQ:SEZL) raised its outlook for the rest of the year, now expecting to grow by 60 to 65 percent versus the 25 to 30 percent growth as earlier targeted.

Net income, on the other hand, is expected at $120 million, while adjusted net income is pegged at $80 million.

Sezzle Inc. is a financial technology services company offering “Buy Now, Pay Later” and installment options to consumers.