Affirm Stock Drops on Soft Current-Quarter Revenue Outlook
From Yahoo Finance: 2025-05-09 13:19:00
Affirm Holdings projects lower fiscal fourth-quarter revenue, disappointing analysts. Shares drop 13% after issuing a current-quarter revenue outlook below expectations. Third-quarter revenue fell short at $783.1 million, but company reported profit of a penny per share and gross merchandise volume up 36% year-over-year. CEO Max Levchin notes consumer spending remains strong. Affirm shares down 25% this year.
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