Reported about 1 month ago
Affirm's shares rose by 33% after the buy-now-pay-later lender exceeded quarterly projections and announced plans to achieve profitability by the fourth quarter of the next fiscal year, earlier than Wall Street anticipated. The company's net revenue increased by 48% to $659.2 million, with a reduced net loss of 14 cents per share, significantly better than expected. Analysts highlighted the strong growth in gross merchandise volume, which surged 31% to $7.2 billion, and attributed this to favorable market conditions and unique growth opportunities.
Source: YAHOO