Affirm (AFRM) Dips 9% as Q2 Earnings Miss on High Funding Costs [Yahoo! Finance]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Yahoo! Finance
The quarterly results were hurt by an elevated expense level, which stemmed from an increase in loss on loan purchase commitment, provision for credit losses, funding costs, and processing and servicing expenses. Nevertheless, the downside was partly offset by improved servicing income, network revenues and an increase in the transaction count implying higher utilization of AFRM's cards. Adjusted earnings of 4 cents per share lagged the Zacks Consensus Estimate by 50%. A loss of $1.10 per share was reported in the year-ago quarter. Net revenues climbed 48% year over year to $591.1 million (exceeding management's expectation of $495-$520 million) in the quarter under review. The top line outpaced the consensus mark by 12.8%. Affirm Holdings, Inc. Price, Consensus and EPS Surprise Affirm Holdings, Inc. price-consensus-eps-surprise-chart | Affirm Holdings, Inc. Quote Q2 Performance Active merchants of Affirm were 279,000, which rose 15% year over year. The Gross Merchandise V
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AFRM
News
- Deep Sail Capital Partners Q1 2024 Investor Letter [Seeking Alpha]Seeking Alpha
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co..MarketBeat
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Affirm: Acceleration Across The Board [Seeking Alpha]Seeking Alpha
- Affirm to Announce Third Quarter Fiscal Year 2024 Results on May 8, 2024Business Wire
AFRM
Earnings
- 2/8/24 - Miss
AFRM
Sec Filings
- 4/12/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- AFRM's page on the SEC website