Zipping past expectations
Zip Co Limited (ASX:ZIP) has posted robust results for the quarter ending 30 September 2024, largely driven by a surge in US operations.
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Affirm shares surge on strong Q4 results and guidance
Affirm Holdings (AFRM) shares soared after the buy now, pay later (BNPL) fintech company reported better-than-expected fiscal fourth-quarter results and issued strong guidance after the bell on Wednesday. The company posted a 48% year-over-year revenue increase, reaching $659 million for the quarter. Additionally, Affirm significantly reduced its net loss to $45 million, or 14 cents per share, compared to $206 million, or 69 cents per share, in the same period last year. Both revenue and earnings figures exceeded analyst expectations, according to Visible Alpha. The company’s Gross Merchandise Volume (GMV), representing the total value of transactions on the Affirm platform, also rose 32% to $7.2 billion.
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