Klarna Group plc (NYSE:KLAR) shares are trading higher in sympathy with Affirm Holdings Inc. (NASDAQ:AFRM) after the buy-now-pay-later peer reported fourth-quarter results Thursday after the market closed.
Affirm Beats Estimates with Strong Growth
Affirm reported quarterly earnings of $4.62 per share, with revenue of $1.17 billion, beating the analyst consensus estimate of $1.11 billion and up from $876.42 million in the same period last year. Gross merchandise volume came in at $11.6 billion, up 35% year-over-year, while total transactions grew 45% to 45 million, outpacing overall GMV growth. Affirm reported earnings per share of $4.62.
“We delivered another outstanding set of results this quarter, especially in the broader context of global economic uncertainty,” said Max Levchin, CEO of Affirm.
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 7.76% to $83.44 in Thursday’s extended trading.
