
Affirm Holdings Inc (NASDAQ:AFRM) shares are trading lower by 16.66% at $17.16. Weakness is likely in sympathy with financial services peer Upstart Holdings Inc (NASDAQ:UPST), which is trading lower after reporting first-quarter earnings results and issuing second-quarter and FY22 sales guidance below analyst estimates.
Upstart said first-quarter revenue increased 156% year-over-year to $310 million, which beat the $300.12 million estimate. The company reported quarterly earnings of 61 cents per share, which beat the estimate of 50 cents per share... Read More