Why Affirm Holdings Stock Is Climbing Higher Today
Portfolio Pulse from Erica Kollmann
Affirm Holdings, Inc. (NASDAQ:AFRM) reported better-than-expected Q1 financial results, with losses of 57 cents per share, beating the analyst consensus estimate of a loss of 70 cents per share. The company also reported quarterly sales of $496.55 million, a 37.31% YoY increase, beating the consensus estimate of $444.77 million. Following the earnings report, Wells Fargo and Wedbush analysts maintained their ratings and raised the price target for AFRM. The company's shares are trading higher with heavy volume.
November 09, 2023 | 4:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Affirm Holdings reported better-than-expected Q1 results, beating analyst estimates. The company's shares are trading higher on heavy volume.
Affirm Holdings reported better-than-expected Q1 results, beating the analyst consensus estimate. This positive news has led to an increase in the company's stock price. The heavy trading volume indicates strong investor interest, which could further drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100