Affirm's F4Q Results Show GMV Momentum Outpacing Expectations
Dow Jones
Aug 28
0830 ET - Affirm's latest quarterly results shows the company's growth isn't slowing down, JPMorgan says in a note. Before the report, the analysts were concerned that gross merchandise volume would come in short or just in line with Wall Street estimates. However, the metric was ahead of the analysts' expectations and supports their confidence in upside to volume estimates through the rest of the year. Affirm's guidance for revenue less transaction costs margins was also ahead of projections, which indicates GMV momentum will flow through to RLTC and profits, the analysts say. Affirm jumps 12% premarket.
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