PYPL - SoFi Technologies Q1 Results: A Golden Opportunity

2024-05-01 10:49:24 ET

Summary

• SoFi Technologies released Q1 2024 earnings that beat profit estimates but showed a decline in lending activity.
• The company raised its forecast for major metrics for 2024, indicating promising growth potential.
• SoFi Technologies saw impressive member growth and strong demand for financial services products, contributing to overall net revenue growth.

SoFi Technologies, Inc. ( SOFI ) released earnings results for its 1Q24 on Monday morning that beat profit estimates , but also showed a decline in lending activity. Plus, the forecast for the second quarter disappointed, triggering a 10% stock slide ....

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