Pagaya stock pops after AI credit company gives rosy profit forecast

Shares of Pagaya Technologies Ltd. PGY were surging more than 20% in premarket action Wednesday after the financial-technology company, which uses artificial intelligence in credit, issued an upbeat profit forecast for the full year. The company logged a fourth-quarter net loss of $34.0 million, or 5 cents a share, wider than the loss of $16.5 million, or 8 cents a share, that the company recorded in the previous year. Analysts tracked by FactSet were anticipating a 7-cent per-share loss.

5 million, or 8 cents a share, that the company recorded in the previous year. Analysts tracked by FactSet were anticipating a 7-cent per-share loss. Revenue rose to $178 million from $144 million, while analysts had been anticipating $163 million.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Herbalife stock bounces back even as earnings and revenue continue to declineHerbalife Nutrition Ltd. shares gained in after-hours trading Tuesday, after the company reported a strong earnings beat in its first quarter with a former...
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »

STOCK MARKET NEWS: Futures lower, TSMC shares fall, retail sales on tapTaiwan Semiconductor shares fall after Buffett trims stake. Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. 2/15/23: 🇺🇸 42 States have eliminated SALES TAX on Gold & Silver transactions. Banks around the World 🌎 keeps stock piling their Gold Reserves. Sell, Sell, Sell!
منبع: FoxBusiness - 🏆 458. / 53 ادامه مطلب »