Affirm Holdings: Overview of Second Quarter Financial Results
Affirm Holdings Reports Strong Second-Quarter Earnings
Affirm Holdings Inc., headquartered in San Francisco, announced a net income of $129.6 million for its fiscal second quarter.
The company’s earnings translated to 37 cents per share, surpassing analyst projections.
According to Zacks Investment Research, the consensus among eight analysts was for earnings of 28 cents per share, meaning Affirm outperformed expectations.
Revenue for the quarter reached $1.12 billion, exceeding the anticipated $1.06 billion forecasted by analysts surveyed by Zacks.
Outlook for the Coming Quarters
Looking ahead to the quarter ending in March, Affirm anticipates revenue between $970 million and $1 billion.
For the full fiscal year, the company projects total revenue to fall between $4.09 billion and $4.15 billion.
Stock Performance
Since the start of the year, Affirm Holdings’ stock price has declined by 20%. As of the close of trading on Thursday, shares were valued at $59.42, marking a decrease of just over 5% over the past year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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