Affirm Holdings Inc (NASDAQ:AFRM) on Thursday reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
Affirm reported quarterly earnings of $4.62 per share, according to Benzinga Pro data. Quarterly revenue came in at $1.17 billion, which beat the analyst consensus estimate of $1.11 billion and was up from $876.42 million in the same period last year. Gross Merchandise Volume (GMV) was $11.6 billion, up 35% year-over-year.
"We delivered another outstanding set of results this quarter, especially in the broader context of global economic uncertainty," said CEO Max Levchin.
Affirm expects first-quarter revenue in a range of $1.19 billion to $1.22 billion, versus the $1.16 billion analyst estimate.
Affirm shares rose 11.2% to $86.20 in pre-market trading
