Klarna, the Swedish buy now, pay later provider and online bank, reported a second-quarter net profit of $9 million on Tuesday, reversing a $53 million loss a year earlier and beating analysts’ expectations for a $17.4 million loss. Adjusted operating income rose to $91 million from $29 million, while April-June revenue increased 27% to $1.04 billion, above expectations of $993.8 million. Gross merchandise volume, or GMV (total value of goods sold), climbed 18% to $36.6 billion, with U.S. GMV up 27%. Despite the stronger quarter, Klarna lowered its full-year GMV forecast to between $149 billion and $151 billion from more than $155 billion, citing a more measured view of primarily German volumes in its largest market by volume.