08:28 AM EDT, 07/30/2024 (MT Newswires) -- SoFi Technologies ( SOFI ) reported Q2 earnings Tuesday of $0.01 per diluted share, swinging from a loss of $0.06 a year earlier.

Analysts polled by Capital IQ expected breakeven earnings per share.

Total revenue, expressed as the sum of net interest income and noninterest income, was $598.6 million for the quarter ended June 30, up from $498 million a year earlier.

SoFi said it expects Q3 earnings of $0.04 per share. Analysts surveyed by Capital IQ expect $0.03.

The company said it now expects 2024 diluted earnings of $0.09 to $0.10 per share, up from its prior guidance of $0.08 to $0.09. Analysts surveyed by Capital IQ expect $0.08.

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