SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Affirm Holdings Inc. (AFRM) on Thursday reported fiscal first-quarter net income of $80.7 million, after reporting a loss in the same period a year earlier.
The San Francisco-based company said it had net income of 23 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The operator of digital commerce platform posted revenue of $933.3 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $885 million.
For the current quarter ending in December, Affirm Holdings said it expects revenue in the range of $1.03 billion to $1.06 billion.
Affirm Holdings shares have climbed slightly more than 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $65.96, an increase of 32% 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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