Affirm Holdings: Fiscal Q2 Earnings Snapshot
SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Affirm Holdings Inc. (AFRM) on Thursday reported a loss of $166.9 million in its fiscal second quarter.
The San Francisco-based company said it had a loss of 54 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 4 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The operator of digital commerce platform posted revenue of $591.1 million in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $523.9 million.
For the current quarter ending in March, Affirm Holdings said it expects revenue in the range of $530 million to $550 million.
Affirm Holdings shares have risen slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $49.22, more than tripling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFRM at https://www.zacks.com/ap/AFRM
