SoFi Techs Q1 2024 GAAP EPS $0.02 Beats $0.01 Estimate, Sales $580.648M Beat $555.997M Estimate
Portfolio Pulse from Benzinga Newsdesk
SoFi Technologies, Inc. (SOFI) reported Q1 2024 GAAP EPS of $0.02, surpassing the $0.01 estimate, with sales of $580.648M exceeding the $555.997M forecast, marking a 26.18% increase from the previous year.

April 29, 2024 | 11:00 am
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SoFi Technologies, Inc. (SOFI) exceeded Q1 2024 earnings and sales estimates, showing significant year-over-year growth.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant year-over-year sales growth further underscores the company's strong performance and potential for future growth, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100