SoFi Stock Tumbles After Earnings Published Ahead of Schedule

SoFi Technologies stock was sinking after Bloomberg released the fintech company’s earnings, which weren’t supposed to arrive until after the close, early. According to the Bloomberg article, SoFi reported a loss of 14 cents a share, meeting analyst forecasts, on sales of $321.7 million, ahead of estimates for $284.9 million. Unfortunately for SoFi shareholders, SoFi now expects second-quarter adjusted revenue between $330 million and $340 million, below estimates for $343.9 million, and forecast earnings before interest, taxes, amortization, and depreciation of $$100 million to $105 million, below estimates for $119 million.
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