This replaces an earlier report that incorrectly reported how second-quarter revenue compared with analyst expectations. It has been corrected.
Shares of Affirm Holdings Inc. were plunging in Thursday afternoon trading after the buy-now pay-later company posted its latest earnings results more than an hour earlier than scheduled, showing higher-than-expected volume but a lower-than-anticipated revenue outlook.
The company reported a fiscal second-quarter net loss of $159.7 million, or 57 cents a share, compared with a loss of $26.6 million, or 38 cents a share, in the year-prior quarter.
Affirm
AFRM,
posted an operating loss of $196.2 million, whereas it posted an operating loss of $26.8 million a year earlier. The metric includes an $82 million increase in stock-based compensation following Affirm’s January 2021…
