SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Affirm Holdings Inc. (AFRM) on Wednesday reported a loss of $133.9 million in its fiscal third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 43 cents.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 70 cents per share.
The operator of digital commerce platform posted revenue of $576.2 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $548.1 million.
Affirm Holdings shares have declined 29% since the beginning of the year. The stock has nearly tripled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFRM at https://www.zacks.com/ap/AFRM
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