Affirm stock soars 34% after earnings ‘put to bed some persistent bear themes’ [Yahoo! Finance News]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Yahoo! Finance News
Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and sought to reassure investors about its positioning in a downturn.Revenue at Affirm, Affirm processed $3.9 billion in gross merchandise volume (GMV) in the quarter, up 73% from a year earlier. Analysts had been projecting $3.85 billion.“Our strong performance demonstrates our ability to drive growth with attractive unit economics, despite volatile market conditions,” Chief Financial Officer Michael Linford said in a statement.Shares of Affirm were up 34% in aftermarket trading Thursday, following a 23% gain in Thursday’s regular session.“Following a great deal of anxiety, very strong F3Q results should offer a big sigh of relief,” Mizuho’s Dan Dolev wrote in a note to clients.Amid recent market turmoil, fintech names have been hit especially hard, and Affirm shares have slid about 61% over the past three months, in part due to concerns about the
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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