Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Affirm, SoFi shares pop following earnings

by
November 11, 2021
in Trading News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Shares of fintech companies Affirm and SoFi soared Thursday after both companies posted their latest quarterly numbers

Affirm shares jumped more than 13% after the buy now, pay later company reported revenue of $269.4 million, beat a Refinitiv estimate of $248.2 million. Affirm also reported a quarterly loss per share of $1.13.

RELATED POSTS

Microsoft CEO Nadella calls A.I.-powered search biggest thing for company since cloud 15 years ago

Analysts love these stocks with big upside to play the ChatGPT-driven artificial intelligence craze

The company’s stock soared as high as 30% after hours Wednesday after Affirm said it’s expanding its partnership with Amazon. Through the agreement, Affirm will serve as the sole third-party buy now, pay later option for Amazon nationwide, although credit card companies will be able to offer buy now, pay later options in the future.

SoFi shares also rallied more than 17% after the digital bank reported better-than-expected quarterly results Wednesday evening. SoFi reported a loss of 5 cents per share in the third quarter, beating a Refinitiv forecast for a loss of 14 cents per share. Revenue also beat Wall Street estimates of $251.6 million, coming in at $277.2 million.

The company’s diversified business model — which dabbles in lending, investing and a range of financial services that benefit in stay-at-home and opening environments — allowed it to beat on revenue, CEO Anthony Noto told CNBC’s “Squawk Box” on Thursday.

“We are the only one-stop shop for digital financial services so it allows us to meet members when they have a need,” he said.

SoFi also saw its total products more than double year-over-year to 4.3 million, while members increased over the previous quarter.

Analysts at Jefferies maintained a buy rating on SoFi and raised their price target to $26 for the stock as the company upgraded its revenue outlook for the current quarter and its continued growth.

“We will continue to follow the pace of new account growth as well as momentum within the financial svcs segment, and Galileo which we believe is a differentiator for the company as it continues to scale,” the Jefferies analysts wrote.

Galileo is financial services and payments platform the company acquired in 2020.

Correction: Updated to reflect the proper spelling of Jefferies.

ShareTweetPin

Related Posts

Microsoft CEO Nadella calls A.I.-powered search biggest thing for company since cloud 15 years ago

by
February 8, 2023
0

In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella said on Tuesday that search powered...

Analysts love these stocks with big upside to play the ChatGPT-driven artificial intelligence craze

by
February 8, 2023
0

Every few years there's a surge of renewed buzz around artificial intelligence. With the current hype around ChatGPT and its...

Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales

by
February 8, 2023
0

In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT A Chipotle restaurant and signage is seen on February 09,...

Stocks moving in after-hours: Chipotle, VF Corp, Fortinet, Enphase Energy

by
February 8, 2023
0

S&P 500 4,164.00 +52.92(+1.29%)   Dow 30 34,156.69 +265.67(+0.78%)   Nasdaq 12,113.79 +226.34(+1.90%)   Russell 2000 1,972.61 +14.89(+0.76%)   Crude...

Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales

by
February 7, 2023
0

In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT A Chipotle restaurant and signage is seen on February 09,...

Next Post

Stocks making the biggest moves midday: Rivian, Bumble, Disney, Alibaba and more

Companies that miss on earnings are getting pummeled in sign that stocks are priced for perfection

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com