SoFi stock gains after company gives upbeat 2023 earnings forecast

Shares of SoFi Technologies Inc.

were rising 7% in premarket trading Monday after the digital financial services company delivered an upbeat earnings forecast for the full year ahead. The company posted a fourth-quarter net loss of $40.0 million, or 5 cents a share, compared with a loss of $111 million, or 15 cents a share, in the year-earlier period. Analysts tracked by FactSet were expecting a 9-cent per-share loss. On an adjusted basis, SoFi reported earnings before interest, taxes, depreciation, and amortization of $70.

were rising 7% in premarket trading Monday after the digital financial services company delivered an upbeat earnings forecast for the full year ahead. The company posted a fourth-quarter net loss of $40.0 million, or 5 cents a share, compared with a loss of $111 million, or 15 cents a share, in the year-earlier period. Analysts tracked by FactSet were expecting a 9-cent per-share loss. On an adjusted basis, SoFi reported earnings before interest, taxes, depreciation, and amortization of $70.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

US gov't $1.5T debt interest will be equal 3X Bitcoin market cap in 2023The Fed cutting rates is a matter of time to avoid 'catastrophic debt crisis,' says NorthmanTrader. NorthmanTrader Lol they’re not going to slash rates for years to come. Hikes only for 2023 and probably the first half of 2024 NorthmanTrader Wednesday 🚀🚀🚀 NorthmanTrader Even if the Fed manages to drive the inflation rate to its “target” of 2%, that still means that inflation will get worse. That would require a 40% deflation and that won’t happen. The root of the problem is monetary: the currency debasement from 2020 and continuing lockdowns.
Источник: Cointelegraph - 🏆 562. / 51 Прочитайте больше »