SoFi Technologies CEO Highlights Strong Trends Across Business Following Q2 Earnings: 'We're Stealing Market Share'
Portfolio Pulse from Adam Eckert
SoFi Technologies Inc reported better-than-expected Q2 results and raised its revenue outlook for the second half of the year. The company's Q2 revenue increased 37% YoY to $489 million, beating analyst estimates of $474.6 million. The company also reported a loss of 6 cents per share, which was better than the estimated loss of 7 cents per share. SoFi's CEO, Anthony Noto, highlighted the company's operating leverage and the broadening of its revenue contributors.
July 31, 2023 | 5:57 pm
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SoFi Technologies reported strong Q2 results and raised its revenue outlook, which could positively impact its stock price.
SoFi Technologies reported better-than-expected Q2 results and raised its revenue outlook. This positive financial performance could increase investor confidence and drive up the company's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100