Affirm Holdings Second Quarter 2024 Earnings: Beats Expectations
Affirm Holdings (NASDAQ:AFRM) Second Quarter 2024 Results
Key Financial Results
Revenue: US$591.1m (up 48% from 2Q 2023).
Net loss: US$166.9m (loss narrowed by 48% from 2Q 2023).
US$0.54 loss per share (improved from US$1.10 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Affirm Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 27%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 6.9% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Affirm Holdings that we have uncovered.
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