Affirm’s shares surged 16% on Friday after the buy now, pay later company exceeded Wall Street’s expectations for fiscal second-quarter revenue and reported an unexpected profit during the robust holiday shopping season.
The company announced earnings of 23 cents per share, surpassing the anticipated loss of 15 cents per share as projected.
Affirm reported $866 million in revenue, reflecting 47% growth year-over-year.
The positive results underscore Affirm’s strong performance in a competitive market as customers increasingly turn to alternative payment options.
Source (CNBC)
