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- chongshinchongshin
  ·2022-08-03
  Fantastic
  SoFi Stock Gains 7.64% after Earnings as Revenue Beats and Losses Shrink
  'While the political, fiscal and economic landscapes continue to shift around us, we have maintained
  SoFi Stock Gains 7.64% after Earnings as Revenue Beats and Losses Shrink
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- chongshinchongshin
  ·2022-08-03
  $SoFi Technologies Inc.(SOFI)$Bullish
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  ·2022-07-30
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Stock Gains 7.64% after Earnings as Revenue Beats and Losses Shrink\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-03 07:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li style=\"text-align:left;\">&#39;While the political, fiscal and economic landscapes continue to shift around us, we have maintained strong and consistent momentum in our business,&#39; CEO says</li></ul><p>Shares of SoFi Inc. were up nearly 7.64% in after-hours trading Tuesday after the company beat expectations with its latest results and delivered an upbeat earnings forecast for the current quarter.<img src=\"https://static.tigerbbs.com/40fc58fa9f47decc75092b6f3bb49298\" tg-width=\"833\" tg-height=\"814\" width=\"100%\" height=\"auto\"/>The company reported a second-quarter net loss of $95.8 million, or 12 cents a share, whereas it recorded a loss of $165.3 million, or 48 cents a share, in the year-prior quarter. Analysts tracked by FactSet were modeling a 14-cent GAAP loss per share for the latest quarter.</p><p>SoFi <a href=\"https://laohu8.com/S/SOFI\">$(SOFI)$</a> posted adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $20 million, up from $11 million a year before and ahead of the FactSet consensus, which was for $10 million.</p><p>Revenue increased to $362 million from $231 million, while analysts had been looking for $344 million.</p><p>&#34;While the political, fiscal and economic landscapes continue to shift around us, we have maintained strong and consistent momentum in our business,&#34; Chief Executive Anthony Noto said in a statement. &#34;We built our products and services to provide durable growth and profitability, and that is what we are delivering.&#34;</p><p>SoFi saw $2.5 million in personal loan originations during its second quarter, which marked a 91% rise relative to a year prior.</p><p>&#34;This outperformance resulted from years of investment in technology to automate and accelerate the application-to-approval process for qualified borrowers and constant testing of risk controls and underwriting models to maintain the highest credit quality,&#34; SoFi executives said in the release.</p><p>The company disclosed that student-loan volume of $399 million to the quarter was down to about 25% of SoFi&#39;s average pre-pandemic volume &#34;as the moratorium on student loan payments continues to weigh on the business.&#34;</p><p>For the third quarter, SoFi executives model adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $75 million to $80 million, whereas analysts were expecting $35 million.</p><p>&#34;Management projects that a more significant portion of the second-half revenue and EBITDA results will be generated during the fourth quarter,&#34; executives added.</p><p>August 02, 2022 16:22 ET (20:22 GMT)</p><p>Copyright (c) 2022 Dow Jones &amp; Company, Inc.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256609441","content_text":"'While the political, fiscal and economic landscapes continue to shift around us, we have maintained strong and consistent momentum in our business,' CEO saysShares of SoFi Inc. were up nearly 7.64% in after-hours trading Tuesday after the company beat expectations with its latest results and delivered an upbeat earnings forecast for the current quarter.The company reported a second-quarter net loss of $95.8 million, or 12 cents a share, whereas it recorded a loss of $165.3 million, or 48 cents a share, in the year-prior quarter. Analysts tracked by FactSet were modeling a 14-cent GAAP loss per share for the latest quarter.SoFi $(SOFI)$ posted adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $20 million, up from $11 million a year before and ahead of the FactSet consensus, which was for $10 million.Revenue increased to $362 million from $231 million, while analysts had been looking for $344 million.\"While the political, fiscal and economic landscapes continue to shift around us, we have maintained strong and consistent momentum in our business,\" Chief Executive Anthony Noto said in a statement. \"We built our products and services to provide durable growth and profitability, and that is what we are delivering.\"SoFi saw $2.5 million in personal loan originations during its second quarter, which marked a 91% rise relative to a year prior.\"This outperformance resulted from years of investment in technology to automate and accelerate the application-to-approval process for qualified borrowers and constant testing of risk controls and underwriting models to maintain the highest credit quality,\" SoFi executives said in the release.The company disclosed that student-loan volume of $399 million to the quarter was down to about 25% of SoFi's average pre-pandemic volume \"as the moratorium on student loan payments continues to weigh on the business.\"For the third quarter, SoFi executives model adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $75 million to $80 million, whereas analysts were expecting $35 million.\"Management projects that a more significant portion of the second-half revenue and EBITDA results will be generated during the fourth quarter,\" executives added.August 02, 2022 16:22 ET (20:22 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906612079,"gmtCreate":1659534423094,"gmtModify":1705981326466,"author":{"id":"3586665452530939","authorId":"3586665452530939","name":"chongshin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586665452530939","authorIdStr":"3586665452530939"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a><v-v data-views=\"1\"></v-v>Bullish","listText":"<a href=\"https://ttm.financial/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a><v-v data-views=\"1\"></v-v>Bullish","text":"$SoFi Technologies Inc.(SOFI)$Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906612079","isVote":1,"tweetType":1,"viewCount":218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9901145143,"gmtCreate":1659151153682,"gmtModify":1676536266031,"author":{"id":"3586665452530939","authorId":"3586665452530939","name":"chongshin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586665452530939","authorIdStr":"3586665452530939"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a><v-v data-views=\"1\"></v-v><a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>View on Alibaba(BABA) BullishBearish","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a><v-v data-views=\"1\"></v-v><a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>View on Alibaba(BABA) BullishBearish","text":"$Alibaba(BABA)$$Alibaba(BABA)$View on Alibaba(BABA) BullishBearish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9901145143","isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}