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.
Click Here To Get Funded!