Affirm Holdings Jumps 24% In Pre-market On Upbeat Quarterly Results; Outlook

(RTTNews) - Shares of Affirm Holdings, Inc. (AFRM) were surging more than 24 percent in pre-market on Thursday to $39.51, after reporting upbeat fourth-quarter results. The financial technology company also provided first-quarter revenue outlook above the Street view.

The company posted net loss of $45.14 million or $0.14 per share, compared to a loss of $205.96 million or $0.69 per share in the same quarter a year ago. The consensus estimate was for $0.51 loss per share.

Revenue for the quarter grew 48 percent to $659.19 million from $445.83 million in the previous year.

Gross Merchandise Volume or GMV grew 31 percent year-over-year to $7.2 billion

Looking ahead, the company expects first-quarter revenue to be in the range of $640 to $670 million. The consensus estimate stands at $629.17 million.

Affirm Holdings stock had closed at $31.58, down 2.86 percent on Wednesday. It has traded in the range of $15.97-$52.48 in the last 1 year.