Affirm (AFRM) Incurs Loss in Q3, Narrows Y/Y on Growing GMV
Affirm(AFRM) Zacks Investment Research·2024-05-10 01:26
Affirm Holdings, Inc. (AFRM) posted better-than-expected third-quarter fiscal 2024 results, which were driven by an expanding Gross Merchandise Volume (“GMV”), improved servicing income and card network revenues coupled with a higher volume of transactions. The results were partly offset by an escalating expense level, which was primarily due to a significant increase in provision for credit losses.AFRM incurred a third-quarter loss of 43 cents per share, which was narrower than the Zacks Consensus Estimat ...