Shares of financial technology company Affirm Holdings, Inc. (AFRM) are surging more than 27% Friday morning after reporting better-than-expected fourth quarter earnings.
The company reported net loss of $205.96 million or $0.69 per share in the fourth quarter, wider than $186.4 million or $0.65 per share loss in the same the quarter a year ago. Analysts on average polled by Thomson-Reuters were expecting a loss of $0.85 per share for the quarter.
Quarterly revenue increased to $445.83 million from $364.13 million last year.
AFRM is at $17.58 currently. It has traded in the range of $8.62 - $28.80 in the last 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.