Is SoFi Technologies a Buy After Its Latest Earnings Report?
SoFi delivered strong member growth in the second quarter.
Overview
The digital bank SoFi Technologies (NASDAQ:SOFI) continues to grow its membership at a fast clip, but recent second-quarter results failed to impress the market.
On July 29, the company reported adjusted earnings per share of $0.12, a penny ahead of Wall Street consensus estimates. Adjusted net revenue of $1.2 billion also beat estimates by about $100 million.
Details
Furthermore, management raised the company’s full-year guidance for adjusted net revenue from $4.66 billion to $4.75-$4.85 billion, while reiterating its guidance for adjusted EBITDA and earnings.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.