Why Affirm Shares Are Falling

Shares of several companies in the broader tech sector, including Affirm Holdings Inc AFRM are trading lower in sympathy with Asana ASAN and DocuSign DOCU after the companies reported their third-quarter earnings results.

Asana reported quarterly losses of 23 cents per share which beat the analyst consensus estimate of a loss of 26 cents per share. The company reported quarterly sales of $100.30 million which beat the analyst consensus estimate of $93.86 million by 7%.

DocuSign reported quarterly earnings of 58 cents per share which beat the analyst consensus estimate of 46 cents per share. The company reported quarterly sales of $545.46 million which beat the analyst consensus estimate of $530.63 million by 3%.

Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions and a consumer-focused app.

Affirm has a 52-week high of $176.75 and a 52-week low of $46.50.