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SoFi Tumbles After Earnings Reportedly Released Ahead of Schedule -Breaking

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© Reuters.

Sam Boughedda

Investing.com — SoFi TechnologiesStock fell 18% on Tuesday following reports that the company had accidentally released its first quarter earnings before its release scheduled for Tuesday, May 10.

In post labeled “test,”Although the company claimed to have disclosed a loss of $0.14 per share, it has yet to confirm this.

Investing.com polled analysts and found a $0.15 loss per share for revenue of $286.32 millions.

New member additions were reported at 408k, and product updates of 689k in the company’s test release.

SoFi said it expected revenue to be between $330 million-$340 million for the second quarter. It now forecasts that full-year 2022 will see adjusted net revenues of $1.5 million to $1.51 trillion.

While there has not been confirmation, SoFi shares were halted as SoFi awaits news.

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