Affirm shares surge after surprise profit, upbeat outlook

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.