Shares of Affirm (AFRM) are moving on Wednesday morning — ticking down into the red after the opening bell — as its fiscal third-quarter revenue jumped up 51% year-over-year. The buy now, pay later operator narrowed expected losses for the quarter to $0.43 per share. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Affirm and what it could mean for the stock moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Affirm climbed after the consumer financing firm reported a smaller-than-expected fiscal Q3 loss while revenue and other financial metrics beat Wall Street targets.
The headline numbers for Affirm Holdings (AFRM) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.