Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / SOFI - SoFi Q1 Results: Strike While The Iron Is Hot

SOFI - SoFi Q1 Results: Strike While The Iron Is Hot

SoFi Technologies Inc.

2024-04-29 10:00:10 ET

Summary

  • SoFi Technologies, Inc.'s earnings sheet for Q1 '24 showed impressive net account additions, with more than 600k new members added to its platform.
  • SoFi exceeded expectations with its Q1 earnings.
  • The Fintech raised its adjusted EBITDA outlook for FY 2024 due to a strong resurgence in the student loan origination business.
  • SoFi Technologies, Inc. continues to have an attractive risk profile for long-term growth investors.

SoFi Technologies, Inc. ( SOFI ) reported results for its first fiscal quarter of 2024 which were generally good. Yet shares are down pre-market approximately 6% which, I believe, is not rational considering the strength of SoFi's customer growth. Investors may have expected even stronger guidance for FY 2024 revenues, but the sell-off is inexplicable to me, given that SoFi beat expectations....

For further details see:

SoFi Q1 Results: Strike While The Iron Is Hot
Stock Information
Company Name: SoFi Technologies Inc.
Stock Symbol: SOFI
Market: NYSE
Website: sofi.com
Menu
SOFI SOFI Quote SOFI Short SOFI News SOFI Articles SOFI Message Board
Get SOFI Alerts

News, Short Squeeze, Breakout and More Instantly...