🔴 Remitly is trading 9.16% down in after-hours trading with no confirmed explanation for decline

Remitly is trading at $24.60, down 9.16%, after its Q3 release; available coverage does not establish why shares fell.

• Shares closed the November 4 regular session at $27.08.
• Q3 revenue rose 22% year over year, and net income was $67.6 million, up 665%. The broad market was higher, but market direction alone does not explain the move.
• Remitly increased its share-repurchase authorization to $500 million.