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Stock impact report

SoFi Proves the Bears Wrong Again With a Record Quarter [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
Fee-based revenue and stronger cross-buy trends are scaling the model and reducing reliance on balance-sheet growth. Guidance points to continued strength, but the bar is higher now, making flawless execution more important. Interested in SoFi Technologies, Inc.? Here are five stocks we like better. SoFi Technologies Inc. (NASDAQ: SOFI) surged more than 5% in pre-market trading after delivering another strong quarter. Earnings per share (EPS) of 13 cents beat expectations for 11 cents by 18%. It was also a 160% improvement on a year-over-year (YOY) basis. But the number generating the most enthusiasm came on the top line. SoFi delivered quarterly revenue of $1.01 billion. This was the first time in the company's history that it had hit that landmark. The revenue number was also up 36% YOY, due in part to the addition of 1 million new customers in the quarter. ? Palantir Bulls Face a Reality Check Before Earnings Tangible book value grew to $8.9 billion, an increase of $1. Show less Read more
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