Affirm said fiscal second-quarter revenue increased 48% year-over-year to $591.1 million, which beat the consensus estimate of $520.62 million, according to Benzinga Pro. The company reported a loss of 54 cents per share, which beat analyst estimates for a loss of 72 cents per share.
Pinterest's fourth-quarter revenue increased 12% year-over-year to $981 million, which missed the consensus estimate of $989.53 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 53 cents per share, which beat analyst estimates of 51 cents per share.
Shares of chip design firm Arm Holdings Plc (NASDAQ:ARM) are soaring Thursday after the company blew away earnings expectations for the third quarter and issued a bullish outlook for 2024. Multiple analysts also raised price targets following the print.
Digital Turbine Inc (NASDAQ:APPS) shares are trading lower Thursday after the company reported worse-than-expected financial results and issued guidance below analyst estimates.
AgEagle Aerial Systems Inc (AMEX:UAVS) shares are trading higher Thursday after the company announced a new drone contract for use by a Department of Energy laboratory.
Total payment volumes increased 15% year-over-year to $409.8 billion in the fourth quarter. Payment transactions were up 13% in the quarter and payment transactions per active account increased 14% on a trailing 12 month basis. Total active accounts decreased 2% to 426 million.
Walt Disney Co (NYSE:DIS) shares are trading higher Thursday after the company reported fiscal first-quarter results and announced a new partnership. Multiple analysts also adjusted ratings and price targets on the stock.