On August 28, Affirm Holdings, Inc. rose 11.12% in pre-market trading, trading at $86.7/share, with turnover of $199,200. The surge was driven by the company's fiscal Q4 earnings release, which comprehensively exceeded Wall Street expectations alongside optimistic forward guidance.
Affirm reported fiscal Q4 revenue of $1.165 billion, surpassing the consensus estimate of $1.106 billion, representing 33% year-over-year growth. Gross merchandise volume surged 36% to $14.1 billion, well above the approximately 29% growth rate anticipated by analysts. EPS came in at $4.62, dramatically beating the $0.36 consensus estimate. For fiscal Q1 2027, management guided revenue of $1.19 billion to $1.22 billion, above the FactSet estimate of $1.16 billion. Full-year GMV is expected to exceed $64 billion, topping the $63 billion market consensus. Additionally, the company announced the appointment of Michael Linford as President, effective August 27.
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