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Why Affirm (AFRM) Shares Are Exploding Higher

Affirm Holdings Inc (NASDAQ: AFRM) shares are trading higher by 29% to $17.82 Friday morning after the company reported better-than-expected fourth-quarter financial results and
byHenry Khederian
August 25, 2023
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Affirm Holdings Inc (NASDAQ:AFRM) shares are trading higher by 29% to $17.82 Friday morning after the company reported better-than-expected fourth-quarter financial results and issued guidance.

The stock is also experiencing marked strength Friday amid a number of analyst rating updates.

What Happened With Earnings?

Affirm said fiscal fourth-quarter revenue increased 22% year-over-year to $445.82 million, which beat the consensus estimate of $406.26 million.

The company reported a quarterly adjusted loss of 69 cents per share, which beat analyst estimates for a loss of 85 cents per share…Read More

According to data from Benzinga Pro, Affirm has a 52-week high of $28.80 and a 52-week low of $8.62.

 
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Bristol Myers Squibb & Co (NYSE: BMY) said that its Q2 revenues of $11.23 billion declined 6% Y/Y, or 5% when adjusted for foreign exchange, due to lower sales of Revlimid, partially offset by in-line products and our new product portfolio.

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