SoFi Sees 2H Adj. Net Revenue $1.025B-$1.085B; Raises FY23 Adj. Net Revenue Guidance To $1.974B-$2.034B vs $2B Est.
Portfolio Pulse from Bill Haddad
SoFi has raised its adjusted net revenue guidance for the second half of the year to between $1.025B and $1.085B. The company also increased its FY23 adjusted net revenue guidance to $1.974B-$2.034B, compared to the previous estimate of $2B.
July 31, 2023 | 11:02 am
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POSITIVE IMPACT
SoFi has increased its revenue guidance for 2H and FY23, which could positively impact its stock price.
Companies often see a rise in their stock price when they raise their revenue guidance, as it indicates better-than-expected performance. Therefore, SoFi's stock price is likely to increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100