CORRECTION: SoFi Sees FY24 Revenue $2.425B-$2.465B Vs $2.783B Estimate, $2.39B-$2.43B Prior
Portfolio Pulse from Benzinga Newsdesk
SoFi has revised its FY24 revenue guidance to $2.425 billion-$2.465 billion, down from the previous estimate of $2.783 billion and slightly up from the prior range of $2.39 billion-$2.43 billion.
July 30, 2024 | 1:05 pm
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SoFi has revised its FY24 revenue guidance to $2.425 billion-$2.465 billion, which is lower than the previous estimate of $2.783 billion but slightly higher than the prior range of $2.39 billion-$2.43 billion.
The downward revision from the previous estimate of $2.783 billion to $2.425 billion-$2.465 billion is likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price. However, the slight increase from the prior range of $2.39 billion-$2.43 billion may mitigate some of the negative impact.
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