Affirm Holdings Q2 Earnings Beat Estimates, Revenue Surges
San Francisco, Calif. - Affirm Holdings Inc. (AFRM) reported strong financial results for its fiscal second quarter on Thursday, surpassing Wall Street expectations.
Key Highlights:
* Net income: $80.4 million, compared to a loss in the prior-year period
* Earnings per share: 23 cents, exceeding the consensus estimate of a 20 cents loss
* Revenue: $866.4 million, surpassing expectations of $804.2 million
Guidance:
* Q3 revenue: $755 million - $785 million
* Full-year revenue: $3.13 billion - $3.19 billion
Market Reaction:
Affirm Holdings shares have gained over 1% year-to-date. At the close of trading on Thursday, the stock was up 42% over the past 12 months.