SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Affirm Holdings Inc. (AFRM) on Thursday reported fiscal third-quarter earnings of $102.9 million.
On a per-share basis, the San Francisco-based company said it had profit of 30 cents.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The operator of digital commerce platform posted revenue of $1.04 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $997.9 million.
For the current quarter ending in June, Affirm Holdings said it expects revenue in the range of $1.08 billion to $1.11 billion.
The company expects full-year revenue in the range of $4.18 billion to $4.21 billion.
Affirm Holdings shares have fallen 9.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $67.35, a climb of 31% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFRM at https://www.zacks.com/ap/AFRM
/Advanced%20Micro%20Devices%20Inc_%20logo%20on%20phone%20and%20website-by%20T_Schneider%20via%20Shutterstock.jpg)
/Intel%20Corp_%20badge%20holder-by%20hasrul_rais%20via%20Shutterstock.jpg)
/Palantir%20by%20Hiroshi-Mori-Stock%20via%20Shutterstock.jpg)
/Robinhood%20app%20on%20phone%20by%20Andrew%20Neel%20via%20Unsplash.jpg)