Why Shares of Affirm, Toast, and Payoneer Global Are Rising Today
As of 10:50 a.m. ET, shares of Affirm Holdings (NASDAQ: AFRM) traded roughly 21% higher, Payoneer Global (NASDAQ: PAYO) was up more than 30%, and Toast (NYSE: TOST) gained more than 12%. Buy now, pay-later (BNPL) company Affirm reported a net loss of $0.19 earnings per share on total revenue of nearly $355 million, both numbers that beat analyst estimates for the quarter. Along with its quarterly results, Affirm announced that it had reached an agreement for a multiyear extension of its partnership with Shopify to continue to be the company's exclusive U.S. provider of installment payment plans on the platform.