Stock Groups

Affirm (AFRM) fiscal Q2 2022 earnings

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Affirm Holdings Inc. homepage on a laptop computer. An arranged photo taken in Little Falls (New Jersey).

Gabby Jones | Bloomberg | Getty Images

Affirm shares fell as high as 24% Thursday, after Affirm reported its second quarter results earlier than expected.

Below is a comparison of Refinitiv consensus estimates for the quarter that ended Dec.

  • Percentage of loss:$0.57 per Share
  • Revenue: $361 million vs. $328.8 million expected

AffirmThe stock rose about 10% in trading before the announcement of second quarter earnings by the company on Thursday.

An apparently deleted tweet that was sent by the Affirm Twitter account Thursday morning prompted the release of the information early. The tweet contained details about Affirm’s financial performance, including the fact that it saw sales rise 77%.

Tweet suggested Affirm will surpass revenue forecasts. Refinitiv analysts polled expected a 61% increase.

One of the most popular “Affirm” is Affirm.buy now, pay lateCompanies that provide short-term, low-interest loans for users who purchase consumer goods online.

Users can, for example, pay off a $1.450 Peloton bicycle by paying it off over 39 monthsAffirm offers low payments starting at $45 Affirm announced last year a partnership. Amazonto become the exclusive non-creditcard provider of financing for the products sold by the U.S. retail giant

Affirm became public on January 20, 2020 and its current share price is 33% less than the IPO price. Max Levchin founded it, who was also one of the founders. PayPal.

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