Affirm Stock: Bear vs. Bull
Affirm Holdings' (NASDAQ: AFRM) stock price tumbled 21% on Aug. 26 after the buy now, pay later (BNPL) services provider posted its fiscal 2022 fourth-quarter earnings report for the period ended June 30. Its revenue rose 39% year over year to $364.1 million, which beat analysts' estimates by $8.5 million. However, its net loss widened from $123.4 million to $186.4 million, or $0.65 per share, which missed the consensus forecast by $0.08.
Affirm only expects its revenue to rise 28% to 35% year over year in the first quarter of fiscal 2023 and to grow 25% to 33% for the full year. Analysts had been anticipating 45% and 46% year-over-year revenue growth in the first quarter and the full year, respectively. The company also expects its operating margins to remain negative by both generally accepted accounting principles (GAAP) and non-GAAP measures throughout fiscal 2023.
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Source Fool.com
