Affirm shares surge after surprise profit, upbeat outlook

Investing.comFeb 7, 2025 12:36 AM

View all comments（0）



Investing.com -- Affirm Holdings Inc (NASDAQ:AFRM) reported stronger-than-expected second-quarter results driven by robust consumer demand for its buy now, pay later services. Shares of Affirm rose 11% at $68.5 in after-hours trading.

The company posted earnings per share of $0.23, while analysts were expecting the company to post a loss of 16 cents. Revenue for the quarter rose to $866 million, beating the consensus estimate of $805.62 million.

Affirm forecast third-quarter revenue between $755 million and $785 million, compared with Wall Street’s expectation of $773.2 million. The company projected revenue in the range of $3.13 billion to $3.19 billion for fiscal 2025, surpassing analysts' estimates of $3.11 billion.

Reviewed byTony

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SpaceX Stock Price Forecast: Nasdaq 100 Rebalancing May Trigger $12.4 Billion Passive Buying, Shares Could Rise to $161

On September 8, Eastern Time, SpaceX (SPCX) shares broke above a recent high of $150, with technical analysis suggesting the stock could further breach $161. JPMorgan Securities strategist Min Moon and his team estimate that, following a rebalance, SpaceX's weight in the Nasdaq 100 Index could rise to 1.51%, driving net purchases of approximately $12.4 billion in SpaceX stock by index funds and ETFs tracking the benchmark.

CoreWeave: Funding Pressure Behind Rapid Expansion

A compelling bullish thesis is gaining traction in the market: compared to Nebius (NBIS.US), CoreWeave boasts a larger revenue scale, a bigger order backlog, and more deployed computing capacity, yet its price-to-sales (P/S) valuation is far lower than Nebius's, making it a potentially significantly mispriced leader in specialized AI clouds (Neoclouds). However, revenue multiples reveal only half the truth. CRW

Anthropic and OpenAI Seek Post-IPO Investment-Grade Ratings as Massive AI Compute Spending Fuels Financing Needs

TradingKey - On September 8, according to the Financial Times, Morgan Stanley and Goldman Sachs are engaging with credit rating agencies including S&P, Moody's, and Fitch on behalf of OpenAI and Anthropic, seeking to secure investment-grade credit ratings for the two companies following their future IPOs. If successful, the two AI giants will gain easier access to the roughly $11.7 trillion global corporate bond market and are expected to secure lower-cost financing.

Anthropic Abandons Acquisition of Startup Decart AI in Sudden Twist Ahead of Listing

Anthropic has announced that it is abandoning its acquisition of Decart AI. Is the move intended to clear obstacles for an IPO push?

Is AI Making iPhones More Expensive? Micron Among Big Winners as Global Memory Shortage Escalates

TradingKey - Strong demand for memory from AI data centers is driving up the costs of smartphones and PCs. On September 7 ET, according to a report by The Verge, as demand from AI data centers for high-bandwidth memory (HBM) and server DRAM continues to grow, memory manufacturers are increasingly allocating limited production capacity to AI-related products with higher profit margins and more stable orders.

Featured Tools