HomeLifestyleRetailAffirm (AFRM) Rises On Rocketing Revenue

Affirm (AFRM) Rises On Rocketing Revenue

Affirm (AFRM) is higher after revenue grows 22.4%. Its adjusted EPS came in at -$0.69 versus an estimated -$0.86 and revenue came in at $445.83M versus an estimated $404.21M. AFRM's gross merchandise volume came in at $5.5B. The Affirm card has over 300K active holders and AFRM has 254.0K active merchants. AFRM's 4Q transactions per active consumer rose 30% year-over-year. Alex Coffey and Jenny Horne discusses AFRM as Wedbush raised AFRM's price target to $10 from $9 and has an underperform rating on the stock. Tune in to find out more about the stock market today.

Next Gen Investing

25 Aug 2023

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