Affirm Holdings Inc AFRM shares are trading higher by 29% to $17.82 Friday morning after the company reported better-than-expected fourth-quarter financial results and issued guidance.
The stock is also experiencing marked strength Friday amid a number of analyst rating updates.
What Happened With Earnings?
Affirm said fiscal fourth-quarter revenue increased 22% year-over-year to $445.82 million, which beat the consensus estimate of $406.26 million.
The company reported a quarterly adjusted loss of 69 cents per share, which beat analyst estimates for a loss of 85 cents per share...Read More
According to data from Benzinga Pro, Affirm has a 52-week high of $28.80 and a 52-week low of $8.62.
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