Why Affirm Shares Are Trading Lower

Affirm Holdings Inc AFRM shares are trading lower by 16.36% to $26.12 Friday morning after the company reported worse-than-expected fourth-quarter EPS results and issued first-quarter FY23 sales guidance below estimates.

What Else?

Affirm Holdings reported fourth-quarter revenue of $364.13 million, up 39% year-over-year. The total beat a Street estimate of $354.8 million according to data from Benzinga Pro.

The company reported a net loss of 65 cents per share in the fourth quarter, missing a Street estimate of a loss of 59 cents per share... Read More

See Also: Why Micro Focus Shares Are Higher By 95% Friday

Affirm offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution.

According to data from Benzinga Pro, Affirm has a 52-week high of $176.65 and a 52-week low of $13.64.