Affirm (AFRM) shares slid and were briefly halted for volatility in the last hour of trading on Thursday after the buy-now-pay-later company posted its quarterly results during market hours, missing on revenue outlook. The print followed an accidental tweet during the trading session which revealed part of the results. The stock closed 21% lower at $58.68.
Shares had been in the green ahead of results during the trading day. A tweet with some of the company’s latest quarterly results, including growth in number of transactions and active consumers, was posted before 2 p.m. ET and then quickly deleted.
But eagle-eyed market watchers snapped screen shots of the tweet. The stock initially spiked by about 10% following the message on Twitter, then gave back some of those gains.
At around 2:48 p.m. ET, the company posted its full quarterly results, later noting a “human error” was the cause…
