Shares of consumer financing firm Affirm Holdings (AFRM) crashed in early trading on Friday on its December-quarter earnings report. Investors mulled new guidance for AFRM stock, which now includes Amazon.com (AMZN) transactions.
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Affirm stock on Thursday released its fiscal second-quarter earnings report ahead of schedule. The company’s fiscal second-quarter earnings were released on Business Wire at 2:48 p.m. ET, an hour and 12 minutes before the market close.
Owing to an expanding e-commerce partnership with online giant Amazon, management hiked full-year fiscal 2022 revenue outlook. Affirm projected revenue in a range of $1.29 billion to $1.31 billion, including Amazon transactions.
But that was up only about 5% from earlier guidance, which called for revenue in a range of $1.225 billion to $1.250 billion.
AFRM Stock: Guidance Confusing?
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