Affirm’s stock pops after earnings bring narrowing loss, big revenue beat

Affirm Holdings Inc. logged a big revenue beat for its latest quarter, and shares of the buy-now-pay-later operator were moving higher in the extended session after Wednesday’s report.

Affirm’s AFRM, -1.49% revenue rose to $497 million from $362 million, while the FactSet consensus was for $444 million. Excluding transaction costs, revenue was $212 million, or 3.8% of gross merchandise volume. The company noted “a modest seasonal increase in delinquencies ,” and its “loss allowance increased accordingly.”Affirm’s gross merchandise volume clocked in at $5.6 billion, above the $5.4 billion that analysts were modeling.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

Uber Q3 Earnings: Top-Line Growth, Profitability Could Propel Stock to New HighsStocks Analysis by Investing.com (Damian Nowiszewski) covering: Uber Technologies Inc, LYFT Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Vivid Seats’ stock jumps after better-than-expected Q3 revenue and acquisition of Vegas.comCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »