Affirm Stock Pops After Earnings Topped Expectations

Affirm ‘s fiscal first-quarter results topped Wall Street expectations as the ‘buy now, pay later’ lender saw total merchandise volume climb 28% year over year to $5.6 billion.

Affirm has maintained that its model allows it to swiftly adjust its underwriting to address changes in the economy and consumer behavior. That underwriting has been put to the test as interest rates have remained high and many lenders have seen delinquencies creep up to prepandemic levels. “The thing that we do really well is we’re just a factory floor for building really robust risk models and doing it over and over again,” Max Levchin, chief executive at Affirm, told Barron’s Wednesday.

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.

Affirm’s stock pops after earnings bring narrowing loss, big revenue beat‘We are prepared to grow our business at pace while managing credit in the higher-for-longer interest rate environment,’ company says
Source: MarketWatch - 🏆 3. / 97 Read more »

Biogen stock pops after earnings beatBiogen stock pops after earnings beat
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market News Today: S&P 500 on Winning Streak; Disney Stock in FocusLive coverage of stocks, financial and economic news, including the S&P 500, Dow and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market News Today: S&P 500 on Winning Streak; Disney Stock in FocusLive coverage of stocks, financial and economic news, including the S&P 500, Dow and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »