Market Updates
Affirm Quarterly Loss Widens, Annual Guidance Disappoints
Scott Peters
26 Aug, 2022
New York City
Affirm Holdings Inc plunged 21.4% to $24.55 after the installment plan lending services provider's annual outlook disappointed investors.
The company said revenues in the fiscal fourth quarter ending in June soared 39% to $364.1 million.
Net loss in the quarter widened to $186.4 million from $123.4 million a year ago or diluted loss per share surged to 85 cents from 46 cents a year ago.
The company said gross merchandise value rose to $4.4 billion from $2.5 billion a year ago in the quarter.
The stock plunged after the company estimated fiscal year 2023 and fiscal first quarter revenues shy of investor's expectations.
The company forecasted gross merchandise value between $4.2 billion and $4.4 billion in the fiscal first quarter 2023 ending in September 2022.
The company estimated revenues in the fiscal year first quarter 2023 to range between $345 million and $365 million and in the full-year 2023 between $1.625 billion and $1.725 billion.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|