SOFI - What's Going On With SoFi Technologies Stock This Week? | Benzinga
SoFi Technologies Inc (NASDAQ:SOFI) shares are trending this week as the stock has seen increased volatility since the company reported better-than-expected financial results on Monday.
What Happened: SoFi reported fourth-quarter adjusted sales of $594.25 million, which beat the consensus estimate of $571.49 million. The company reported quarterly adjusted earnings of 2 cents per share, up from a loss of 5 cents per share in the prior year's quarter.
SoFi highlighted continued growth of more than 40% in both total members and total products. The company also said total deposits grew $2.9 billion in the quarter to $18.6 billion.
SoFi also said it expects first-quarter adjusted revenue to be in the range of $550 million to $560 million versus estimates of $573.87 million. The ...