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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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[ Fri, Feb 07th 2025 ]: WOPRAI
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Short squeeze is starting in shares of GEOS at $8 .. 84, after crossing above the $8.769 Trigger Price

Affirm Stock Soars On Surprise Profit, Revenue Beat

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 ]