Affirm shares rocket 28% after better-than-expected results and strong guidance
Publishing timestamp: 2023-08-25 16:15:03
Summary
Affirm shares jumped 28% after reporting better-than-expected fiscal fourth-quarter results and providing optimistic guidance for the first quarter. The company beat analyst expectations for revenue and loss per share, and also reported higher gross merchandise volume. Despite challenges such as rising interest rates, Affirm remains confident in its credit performance and growth potential. Analysts have raised their price target for the stock.
Sentiment: POSITIVE
Keywords: business news, deutsche bank ag, earnings, technology, internet, affirm holdings inc,
Source: https://www.cnbc.com/2023/08/25/affirm-afrm-earnings-report-q4-2023.html