Affirm Holdings Inc AFRM shares are trading higher by 5.2% to $18.88 Tuesday morning, despite a lack of company-specific news for the session. The stock is potentially rising amid investor optimism after the company last week reported better-than-expected fourth-quarter financial results and issued guidance.
Affirm also received a number of analyst rating updates following the earnings print.
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 $27.26 and a 52-week low of $8.62.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
