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Affirm Fiscal Q4 Loss Narrows, Revenue Rises; Q1 Outlook Issued; Shares Climb After-Hours
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Affirm Fiscal Q4 Loss Narrows, Revenue Rises; Q1 Outlook Issued; Shares Climb After-Hours
Aug 28, 2024 9:20 PM

05:12 PM EDT, 08/28/2024 (MT Newswires) -- Affirm Holdings ( AFRM ) posted a fiscal Q4 loss late Wednesday of $0.14 per diluted share, compared with $0.69 loss a year ago.

Analysts polled by Capital IQ expected a loss of $0.44.

Revenue for the quarter ended June 30 was $659.2 million, up from $445.8 million a year earlier. Analysts surveyed by Capital IQ expected $605.4 million.

The payment network company expects fiscal Q1 revenue of $640 million to $670 million. Analysts are looking for $625 million.

Shares of the company were up about 16% in after-hours activity.

Price: 36.65, Change: +5.07, Percent Change: +16.05

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