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STOCK MARKET NEWS: Disney Dow drag, election limbo dings stocks, Meta layoffs announced

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BREAKING: Stocks slide as Congress control unclear, Disney dinged on earnings

Affirm Holdings Inc. on Tuesday reported a loss of $251.3 million in its fiscal first quarter.The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 82 cents per share.

The operator of digital commerce platform posted revenue of $361.6 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $360.7 million. For the current quarter ending in December, Affirm Holdings said it expects revenue in the range of $400 million to $420 million.Affirm Holdings shares have declined 84% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.64, a decrease of 90% in the last 12 months.Roblox logo on a banner, to celebrate the company's IPO, on the front facade of the New York Stock Exchange in New York, U.S., Mar. 10, 2021.

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