Riskified (RSKD) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a year ago.
RSKD is recommended as a buy due to its focus on reducing fraud costs for e-commerce merchants and the potential for growth in the global e-commerce market. Fraud is a major challenge in the e-commerce space, impacting merchants' revenue and customer experience. RSKD's AI-powered fraud solution platform helps merchants approve orders, reducing fraud costs and improving customer satisfaction.