'Buy Now, Pay Later' Company Affirm's Stock Is Soaring After Hours - Here's Why
Portfolio Pulse from Ryan Gustafson
Affirm Holdings, Inc. (NASDAQ:AFRM) reported better-than-expected Q1 financial results and issued guidance, leading to a rise in its stock price. The company reported quarterly losses of 57 cents per share, beating the analyst consensus estimate of losses of 70 cents. Quarterly sales were $496.55 million, beating the analyst consensus estimate of $444.77 million. Affirm's active customers grew 15% YoY to 16.6 million. The company issued guidance for Q2 2024 with revenue estimated to be between $495 million and $520 million.

November 08, 2023 | 10:10 pm
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Affirm's better-than-expected Q1 results and positive guidance have led to a rise in its stock price.
Affirm reported better-than-expected Q1 results and issued positive guidance for Q2 2024, which has led to increased investor confidence and a rise in its stock price.
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