SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Affirm Holdings Inc. (AFRM) on Thursday reported a loss of $100.2 million in its fiscal first quarter.
The San Francisco-based company said it had a loss of 31 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.
The operator of digital commerce platform posted revenue of $698.5 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $661.4 million.
For the current quarter ending in December, Affirm Holdings said it expects revenue in the range of $770 million to $810 million.
Affirm Holdings shares have dropped almost 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $48.79, more than doubling 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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