Stocks in Action USA: Affirm, Elastic and Gap.
Reading Time: 3 minutes
Affirm (AFRM) surges – best quarter in company history, profit significantly exceeds expectations! Affirm reports a revenue of $1.17 billion for the fourth fiscal quarter, surpassing the analyst expectation of $1.11 billion. The profit jump is even more pronounced: the net income per diluted share rises to $4.62, up from just $0.20 in the previous year and far above the expected $0.85. According to management, it was the most profitable quarter in the company’s history, even without tax special effects – which explains the large gap to...
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