Affirm Holdings: Fiscal Q2 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Affirm Holdings Inc. (AFRM) on Wednesday reported a loss of $322.4 million in its fiscal second quarter.

The San Francisco-based company said it had a loss of $1.10 per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.01 per share.

The operator of digital commerce platform posted revenue of $399.6 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $420.5 million.

For the current quarter ending in March, Affirm Holdings said it expects revenue in the range of $360 million to $380 million.

The company expects full-year revenue in the range of $1.48 billion to $1.55 billion.

Affirm Holdings shares have risen 66% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.02, a decline of 75% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AFRM at https://www.zacks.com/ap/AFRM