Reported about 6 hours ago
Shares of Zip Co rose nearly 16% after the digital financial services firm reported that its first-half cash earnings more than doubled to A$67 million and provided an annual earnings forecast that surpassed expectations. Growth was fueled by increased transaction volumes and improved debt performance, with a notable 40.3% rise in U.S. transaction volumes. The company anticipates delivering cash EBTDA of at least A$147 million for fiscal 2025, indicating a robust outlook.
Source: YAHOO