Affirm's earnings per share of 20 cents for the quarter was almost double what Wall Street expected.
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Affirm
shares rose 15% in extended trading on Thursday after the provider of buy now, pay later loans reported better-than-expected earnings and revenue for the fiscal fourth quarter.
Here’s how the company did versus LSEG consensus estimates:
Revenue climbed 33% in the period from $659 million in the same quarter a year earlier. Gross merchandise volume rose 43% to $10.4 billion from $7.2 billion a year ago.
Going into the print, the big question was whether losing Walmart to rival Klarna would drag on results.
Needham sees shares of Affirm rallying 46% from here.
Affirm is likely to see its stock price rise on a combination of catalysts, according to Morgan Stanley.
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Affirm CEO Max Levchin said consumer sentiment remains strong, calling the American consumer "unbelievably resilient."
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