Affirm Guides Q1 Revenue Above Estimates, Shares Jump 8%
AFRM has more than doubled off its 52-week low of $42.095 on elevated volume (2.4× avg).
Summary
Affirm's Q1 revenue guidance of $1.19B-$1.22B beat the $1.14B consensus, and the stock rose 8% after hours. The company also named COO Michael Linford as president. Q4 GMV grew 36% to $14.1B, transactions rose 41%, and active consumers increased 21% to 27.8M. Operating margin improved to 12.6% from 6.6% a year ago. This follows the Q4 results reported earlier today; the new guidance and management change are incremental positives.
At the time of this announcement, AFRM was trading at $84.34 on NASDAQ in the Finance sector, with a market capitalization of approximately $26B. The 52-week trading range was $42.10 to $100.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.