Stock Groups

Affirm posts larger loss for second quarter, shares sink -Breaking

by Mike Robinson

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© Reuters.

(Reuters] – Affirm Holdings Inc reported a greater loss for its second quarter. The reason was an increase of stock-based compensation due to the firm’s buy now, and pay later initial public offering.

Afternoon trading saw a 30% drop in shares.

The net loss attributable common shareholders increased to $159.74million, or 57c per share in the three-months ended December 31, from $26.61 million or 38 cents per shares a year ago.

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