• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Affirm shares plummet 21% after company accidentally tweets financial results early

by
February 10, 2022
in Breaking News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Related Posts

Bank of America Says Bullish Indicators Point to a Higher Stock Market — Here Are 2 Names the Banking Giant Likes

Target to shut 9 stores across 4 US states amid rising retail crime

The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says

Warren Buffett Sold His Only REIT Last Year, But He’s Betting Big On Housing With Three New Investments

In this article

AFRM

Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey.
Gabby Jones | Bloomberg | Getty Images

Affirm stock dropped 21% to a share price of $58.68 on Thursday after the company reported second-quarter results ahead of schedule.

Here’s how the company did versus Refinitiv consensus expectations for the quarter ending in December:

Loss per share: $0.57Revenue: $361 million vs. $328.8 million expected

Affirm stock was up about 10% during trading ahead of the company’s second-quarter results on Thursday.

The early release came after a since-deleted tweet was sent from Affirm’s official Twitter account at around 1:30 p.m. ET on Thursday. The tweet announced details of the company’s financial performance, including that its sales rose by 77%.

The tweet suggested that Affirm would beat revenue expectations. Analysts polled by Refinitiv had expected a 61% rise.

Affirm said in another tweet later Thursday that its inadvertent release of financial results was due to human error.

Affirm is one of several hot “buy now, pay later” companies, which offer short-term and low-interest loans to users when they buy consumer goods online.

For example, users buying a $1,450 Peloton bike can pay it off over 39 months with payments as low as $45 through Affirm. Last year, Affirm announced a partnership with Amazon to be the sole noncredit-card provider for financing for products the retail giant sells in the U.S.

Affirm went public in January 2021, and its share price has fallen about 64% from its peak last November. It was founded by Max Levchin, one of the original founders of PayPal.

Next Post

Astra stock drops 26% after NASA mission fails mid-launch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Bank of America Says Bullish Indicators Point to a Higher Stock Market — Here Are 2 Names the Banking Giant Likes

by
September 28, 2023
0

S&P Futures 4,309.25 -4.25(-0.10%)   Dow Futures 33,748.00 -43.00(-0.13%)   Nasdaq Futures 14,718.75 -20.25(-0.14%)   Russell 2000 Futures 1,791.40 -1.60(-0.09%)...

Read more

Bank of America Says Bullish Indicators Point to a Higher Stock Market — Here Are 2 Names the Banking Giant Likes

Target to shut 9 stores across 4 US states amid rising retail crime

The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says

Warren Buffett Sold His Only REIT Last Year, But He’s Betting Big On Housing With Three New Investments

These 10%-Yielding Dividend Stocks Look Very Attractive Right Now, Analysts Say

Costco says its 1-ounce gold bars are real and have been selling out in hours

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.