Klarna’s Sales Jump in First Earnings Report Since IPO

Klarna logged a jump in sales during its first quarterly report as a public entity, but the buy-now, pay-later company swung to a loss as expenses increased.

The Swedish fintech firm on Tuesday posted a third-quarter loss of $95 million, or 25 cents a share, compared with a profit of $12 million, or 5 cents a share, a year earlier. The quarterly loss was in line with analyst expectations, according to FactSet.