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Dipanjan Banchur

SoFi Stock Posts Better-Than-Expected Earnings – Is it a Buy?

SOFI Dipanjan BanchurSince SoFi Technologies Inc

The much-talked-about financial services and digital bank SoFi Technologies, Inc. (SOFI) reported a better-than-expected bottom line for the third quarter of fiscal 2022. The company’s loss per share of $0.09 came in narrower than the consensus estimate of $0.10, representing a positive surprise of 10%.

SOFI operates through three segments: Lending, Technology Platform, and Financial Services. It runs Galileo, a technology platform that offers services to financial and non-financial institutions, and Apex, a technology-enabled platform that provides investment custody and clearing brokerage services.

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