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Benzinga

Business

Adam Eckert

Why SoFi Technologies Shares Are Trading Higher Today

SOFI SoFi Technologies SoFi Technologies Inc

SoFi Technologies Inc (NASDAQ:SOFI) is trading higher Wednesday after the company reported better-than-expected fiscal fourth-quarter financial results and issued guidance above estimates.

SoFi said quarterly adjusted revenue increased 54% year-over-year to $279.88 million, which beat the $279.29 million estimate. The company reported a quarterly earnings loss of 15 cents per share, which beat the estimate for a loss of 17 cents per share.

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