SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Affirm Holdings Inc. (AFRM) on Wednesday reported a loss of $45.1 million in its fiscal fourth quarter.
The San Francisco-based company said it had a loss of 14 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
The operator of digital commerce platform posted revenue of $659.2 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $599.5 million.
For the year, the company reported that its loss narrowed to $517.8 million, or $1.67 per share. Revenue was reported as $2.32 billion.
For the current quarter ending in September, Affirm Holdings said it expects revenue in the range of $640 million to $670 million.
Affirm Holdings shares have decreased 36% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.58, a climb of 76% 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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