SoFi Technologies Inc. shares surged 7% in Monday’s premarket action after the financial-technology company posted a large revenue beat for the latest quarter and gave an upbeat outlook.
SoFi SOFI, -0.43% said that, excluding the impact of non-cash impairment charges, it would have seen a 3-cent loss per share, “which reinforces our confidence in achieving positive GAAP net income in the fourth quarter of 2023.” Revenue rose to $537 million from $424 million a year before, while analysts were expecting $518 million.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM, Disney, Alphabet, Western Digital, SoFi, Apple, and More Stock Market MoversThe United Auto Workers union announces a strike at another General Motors plant, Nelson Peltz's push for board seats at Disney gets a boost, and results...
Read more »
SoFi Will Post Earnings Monday. What to Expect.The fintech reports its earnings before the start of trading. The stock has had a fantastic year.
Read more »