Affirm Stock Rallies After Strong Q4 Earnings, Upbeat Q1 Guidance: What To Know
Portfolio Pulse from Erica Kollmann
Affirm Holdings Inc. (NASDAQ:AFRM) shares surged after reporting strong Q4 earnings and providing positive Q1 guidance. The company reported a smaller-than-expected loss and significant revenue growth, with transactions and active merchants also increasing. Affirm's outlook for Q1 revenue exceeds analyst estimates.
August 28, 2024 | 8:54 pm
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Affirm Holdings reported better-than-expected Q4 earnings with a smaller loss and significant revenue growth. The company also provided an upbeat Q1 revenue guidance, exceeding analyst estimates. This led to a 14.79% increase in AFRM shares after-hours.
Affirm's Q4 earnings report showed a smaller loss than expected and strong revenue growth, which exceeded analyst estimates. The positive Q1 guidance further boosted investor confidence, resulting in a significant after-hours stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100