Changes in US stocks | Q4 results exceed expectations, Affirm Holdings (AFRM.US) continues to rise by more than 5%

Zhitong Finance learned that on Friday, Affirm Holdings (AFRM.US) continued its gains. As of press release, the stock had risen more than 5% to $43.9. Earlier, the company announced better-than-expected results for the fourth fiscal quarter. The stock price closed up 31.92% on Thursday, the biggest one-day increase in nearly three years, and the third largest increase since the company's January 2021 IPO. Affirm Holdings' Q4 revenue increased 48% year over year to US$659 million, better than analysts' expectations of US$604 million; net loss of US$45.1 million, a sharp decrease from net loss of US$206 million in the same period last year; adjusted loss of $0.14 per share was better than analysts' expected loss of $0.51 per share.

Affirm's revenue for the first fiscal quarter of fiscal year 2025 is between $640 million and $670 million, which is also better than analysts' expectations of $625 million. Affirm CEO Max Levchin said the company has set a new goal of achieving GAAP operating profit by the fourth fiscal quarter of fiscal year 2025.