Dow Dips Over 700 Points, S&P 500 Down 2.5%
U.S. stocks extended losses toward the end trading, with the Dow Jones dropping more than 700 points on Friday.
4 Affirm Holdings Analysts Offer Takes On Downbeat Quarter: Company Having ‘Economic And Credit Cycle Turbulence’
Affirm Holdings Inc (NASDAQ: AFRM) reported $364.1 million in sales for its fiscal fourth quarter, missing the consensus estimate of $365 million in sales, and a loss of 65 cents per share, significantly worse than Street expectations of a loss of 58 cents per share.
Why Farfetch Is Trading Higher By 32%, Here Are 46 Stocks Moving In Friday’s Mid-Day Session
Gainers
Micro Focus International plc (NYSE: MFGP) shares jumped 95.4% to $6.11 after the company reached an agreement with OpenText to be acquired for $6 billion.
Nasdaq Tumbles 300 Points Following Powell’s Speech At Jackson Hole Economic Symposium
U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping over 300 points on Friday.
Why Affirm Shares Are Trading Lower
Affirm Holdings Inc (NASDAQ: AFRM) shares are trading lower by 16.36% to $26.12 Friday morning after the company reported worse-than-expected fourth-quarter EPS results and issued first-quarter FY23 sales guidance below estimates.
What Else?
Truist Securities Maintains Buy on Affirm Holdings, Lowers Price Target to $45
Truist Securities analyst Andrew Jeffrey maintains Affirm Holdings (NASDAQ:AFRM) with a Buy and lowers the price target from $55 to $45.
Affirm Q4 Earnings Highlights: Revenue Beat, EPS Miss, Updated Guidance, Shopify Partnership Bringing Consumers In
Buy now, pay later company Affirm Holdings (NASDAQ: AFRM) reported fourth quarter and full fiscal year results after market close Thursday. Here are the key highlights.
Affirm Holdings Q4 EPS $(0.65) Misses $(0.59) Estimate, Sales $364.13M Beat $354.80M Estimate
Affirm Holdings (NASDAQ:AFRM) reported quarterly losses of $(0.65) per share which missed the analyst consensus estimate of $(0.59) by 10.17 percent. This is a 35.42 percent decrease over losses of $(0.48) per share from