Reported 10 days ago
Pagaya Technologies reported impressive third-quarter earnings, generating $257.23 million in revenue and an adjusted earnings per share of $0.44, surpassing Wall Street's estimates. However, the stock came under pressure due to unexpected credit losses, leading CEO Gal Krubiner to explain that these losses stem from previous transactions amidst high financing costs. Despite the current challenges, Krubiner expressed optimism about the future performance of the company's asset classes.
Source: YAHOO