Update: Affirm Fiscal Q4 Earnings, Revenue Rise; Shares Up Pre-Bell
MT Newswires Live
Aug 28
(Updates with the latest stock price movement in the headline and the first paragraph.)
Affirm (AFRM) shares were up 12% in premarket activity Friday after the company reported overnight a surge in fiscal Q4 earnings and sales, and issued an upbeat fiscal Q1 sales outlook.
The company reported fiscal Q4 net income late Thursday of $4.62 per diluted share, up from $0.20 a year earlier.
Analysts polled by FactSet expected $0.35, if comparable.
Revenue for the quarter ended June 30 was $1.17 billion, up from $876.4 million a year earlier.
Analysts expected $1.11 billion.
For fiscal Q1, the company expects revenue of $1.19 billion to $1.22 billion. Analysts are looking for $1.16 billion.
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