Affirm Holdings Inc. logged a big revenue beat for its latest quarter, and shares of the buy-now-pay-later operator were moving higher in the extended session after Wednesday’s report.
Affirm’s AFRM, -1.49% revenue rose to $497 million from $362 million, while the FactSet consensus was for $444 million. Excluding transaction costs, revenue was $212 million, or 3.8% of gross merchandise volume. The company noted “a modest seasonal increase in delinquencies ,” and its “loss allowance increased accordingly.”Affirm’s gross merchandise volume clocked in at $5.6 billion, above the $5.4 billion that analysts were modeling.
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.
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »