Why OppFi Stock Swooned by Almost 25% Today
The specialty lender posted a displeasing quarterly earnings report.
Overview
A record second-quarter revenue figure couldn't help OppFi (NYSE: OPFI) escape a heavy, post-earnings sell-off on Tuesday. Investors reacted strongly and negatively to the company's latest quarterly release, sending the company's shares down by nearly 25% in value that trading session.
OppFi, which focuses on providing personal credit to underserved clients, earned revenue of nearly $145.2 million during the quarter, up nearly 2% year over year.
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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.