Mon, February 10, 2025
Sun, February 9, 2025
[ Sun, Feb 09th ]: Yahoo
Stocks Poised for Lower Open
Sat, February 8, 2025
Fri, February 7, 2025
Thu, February 6, 2025
[ Thu, Feb 06th ]: MSN
6 Biggest Crypto Mining Stocks

Affirm Stock Soars On Surprise Profit, Revenue Beat


  Copy link into your clipboard //stocks-investing.news-articles.net/content/202 .. stock-soars-on-surprise-profit-revenue-beat.html
  Print publication without navigation Published in Stocks and Investing on by Kiplinger
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source

  Affirm stock is sizzling Friday after the BNPL firm handily beat earnings and revenue estimates in its most recent quarter. Here's what you need to know.

Affirm Holdings Inc. (AFRM) experienced a significant surge in its stock price, soaring nearly 30% after reporting a surprise profit and exceeding revenue expectations for the fiscal third quarter. The company, known for its buy now, pay later (BNPL) services, reported a non-GAAP profit of 3 cents per share, contrasting with Wall Street's expectations of a 68-cent loss per share. Revenue for the quarter was $496.5 million, surpassing the consensus estimate of $444.4 million. This performance was driven by a 36% year-over-year increase in gross merchandise volume (GMV) to $6.3 billion, and a 22% rise in active consumers to 18.1 million. Despite these positive results, Affirm's shares are still down significantly from their peak, reflecting broader market concerns about the sustainability of BNPL models amidst rising interest rates and potential regulatory scrutiny.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/affirm-afrm-stock-soars-on-surprise-profit-revenue-beat ]

Publication Contributing Sources