Affirm soars on its most profitable quarter ever
+0.35% to $77.76 from $77.49
What moved AFRM
- Affirm reported fiscal fourth-quarter earnings of $4.62 per share, far above the 35-cent consensus estimate, on revenue of about $1.166 billion versus roughly $1.128 billion expected.
- Executives including CEO Max Levchin described the quarter as the company’s most profitable ever, citing strength in the core business beyond one-time tax items.
- Shares jumped as much as 10-13% in the wake of the report, extending gains alongside other consumer-finance names.
Sources: Quiver Quantitative · GuruFocus · 247wallst.com