Affirm's Q2 Earnings Report: Stock Slips, But Analysts Remain Optimistic
Originally Published 1 year ago — by MarketWatch
Affirm's stock fell 13% in after-hours trading despite beating expectations in its earnings report, with analysts attributing the drop to a perceived conservative outlook. The company raised its full-year forecast for gross merchandise volume to over $25.25 billion, but analysts believe the new guidance is conservative. Affirm posted fiscal second-quarter revenue of $591 million, up from $400 million a year before, and saw its gross merchandise volume increase by 32% to $7.5 billion. The company also reported a halved net loss for the December quarter and anticipates $5.8 billion to $6.0 billion in gross merchandise volume for the March quarter.