04:36 AM EST, 02/07/2025 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph.)

Affirm Holdings' ( AFRM ) shares were up more than 17% in premarket activity Friday after the payment network company unexpectedly swung to a profit in fiscal Q2 while guiding full-year sales above market consensus.

The company reported fiscal Q2 diluted earnings late Thursday of $0.23 per share, compared with a loss of $0.54 a year earlier.

Analysts polled by FactSet expected a loss of $0.16.

Net revenue for the quarter ended Dec. 31 was $866.4 million, up from $591.1 million a year earlier. Analysts surveyed by FactSet expected $807.2 million.

The company expects fiscal Q3 revenue of $755 million to $785 million. Analysts polled by FactSet expect $772 million.

Fiscal Q4 revenue is pegged at between $810 million and $840 million. Analysts surveyed by FactSet expect $829.1 million.

Meanwhile, fiscal 2025 revenue is expected to be $3.13 billion to $3.19 billion, the company said. Analysts polled by FactSet expect $3.11 billion.