SoFi Just Posted Record Growth and Profitability -- So Why Is the Stock Down 10%?
SoFi's stellar second-quarter numbers aren't enough to impress investors.
Overview
SoFi (NASDAQ: SOFI) just reported its second-quarter earnings, and the numbers look generally strong. In fact, the company posted all-time records for member growth, revenue, and several other key metrics.
Despite the solid earnings report, SoFi's stock fell by about 10% in reaction to the report. Here's a look at some of the most important numbers from the second quarter, and why the stock may be falling despite the strong results.
Image source: SoFi.
Details
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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.