Affirm CEO Max Levchin joins 'Closing Bell Overtime' to talk the state of the consumer, quarterly results, growth opportunities and more.
Affirm stock fell after fiscal Q1 earnings topped estimates while guidance came in slightly above views ahead of the holiday shopping season. The post Affirm Earnings Beat.
The company is seeing more of its business shift toward interest-bearing products.
Affirm, the provider of buy now, pay later loans reported better-than-expected fiscal first-quarter results. Growth in GMV, which is a key industry metric that helps gauge the total value of transactions over the reporting window, accelerated, increasing by 35% from a year earlier.
We have narrowed our search to two large-cap financial technology stocks set to report earnings results this week. These are: AFRM, LYFT.
Affirm Holdings (AFRM) is set to report its fiscal first-quarter earnings after the market closes on Thursday, with analysts expecting the buy now, pay later (BNPL) firm to aggressively pursue new users as interest rates decline.
AFRM's Q1 performance is likely to have been driven by higher card network revenues and growing GMV, partly offset by elevated expenses.
Affirm benefits from Apple Pay's BNPL exit and lower interest rates, boosting short-term growth prospects. Valued at around $47 per share, Affirm shows near-term potential but lacks a margin of safety for a long-term hold. Recommendation: Hold for a short-term increase, but consider selling due to rising competition and funding challenges.
Does Affirm Holdings (AFRM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Max Levchin's fintech giant Affirm has launched its services in the U.K., marking the company's first expansion outside of the U.S. and Canada.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
A US rival to Klarna in the buy now, pay later market has set up in the UK to fill a gap it says for longer-term credit. Affirm, founded in 2012 by Max Levchin a co-founder of PayPal, believes many of the current providers are doing it wrong.