Affirm Holdings IncAFRM
▲ PositiveCapitalrelevance
Affirm beat Q2 revenue and profit estimates and raised guidance, driving stock up 7.3%.
Impact on stocks 2
Digital Finance & Tokenization
Affirm Holdings Inc
PayPal Holdings IncPYPL
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Affirm, the buy now, pay later company, delivered strong fiscal second-quarter results, beating Wall Street's revenue and profit expectations, and its stock rose 7.3% to $84.31 in after-hours trading. Revenue for the quarter came in at $1.17 billion, up 33% year over year and 5.2% above analyst estimates of $1.11 billion. GAAP earnings per share were $4.62, significantly above the consensus estimate of $0.35. The company also guided for third-quarter revenue of $1.21 billion at the midpoint, which is 3.6% above what analysts were expecting. Affirm's pre-tax profit for the quarter was $169.1 million, representing a 14.5% margin.
Affirm Holdings IncAffirm beat Q2 revenue and profit estimates and raised guidance, driving stock up 7.3%.
PayPal Holdings Inc