🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Affirm jumps after beating revenue expectations

Published 08/24/2023, 04:57 PM
© Reuters.
AFRM
-

Investing.com -- Affirm Holdings Inc (NASDAQ:AFRM) shares jumped after the buy now, pay later fintech beat expectations on revenue and raised its guidance.

For its fiscal fourth quarter ending in June, Affirm reported a loss of 69 cents a share on revenue of $445.8 million. Analysts expected a loss of 87 cents a share on revenue of $406.2M.

Revenue was up 22% from the same time last year.

Shares were up 9.3% and are up 42% so far this year.

The company sees fiscal first quarter revenue of $430M to $455M, also higher than expectations. Affirm said it was adjusted operating income positive as the fiscal year came to a close, and on an annual basis, “we intend to remain consistently positive on this metric going forward.”

CEO Max Levchin said: “We are very proud of the results this quarter and fiscal year, yet our focus remains on the company’s longterm goals.”

 

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.