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What SoFi's earnings reveal about the state of loans: CEO

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Unsecured Personal Loans,Student Loans

Shares of SoFi (SOFI) are dropping as the company reported its first quarter earnings. The results included revenue of $645 million, a 37% increase year-over...

) are dropping as the company reported its first quarter earnings. The results included revenue of $645 million, a 37% increase year-over-year, beating estimates of $556 million. However, the results were overshadowed by SoFi's adjustment to second quarter revenue: between $555 million and $565 million, well below analyst expectations of $590 million.

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