SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Affirm Holdings Inc. (AFRM) on Thursday reported fiscal third-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Francisco-based company said it had profit of 1 cent.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The operator of digital commerce platform posted revenue of $783.1 million in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $783.9 million.
For the current quarter ending in June, Affirm Holdings said it expects revenue in the range of $815 million to $845 million.
The company expects full-year revenue in the range of $3.16 billion to $3.19 billion.
Affirm Holdings shares have fallen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54.26, a climb of 72% in the last 12 months.
_____
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
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
