SOFI Stock: SoFi Just Raised Its Profit Guidance Again. What's Going On?
SOFISoFi Technologies(SOFI) Investor Place·2024-07-30 21:31

SoFi (NASDAQ:SOFI) stock beat estimates on second-quarter earnings and raised its guidance for the second time this year. The stock did not react much, up about 2% as of writing.SoFi, an online bank and brokerage, is expected to open this morning at about $7.50 per share, a market capitalization of $7.8 billion on expected full-year revenues of $2.2 billion.Why No Reaction?It’s possible that SOFI stock will rise sharply after the market opens. The numbers were good in what management called a “transitional ...