Key PointsBlock operates multiple ecosystems, including Square for POS and digital payment processes; Cash App for peer-to-peer payments, shopping, and investing; and Afterpay as a buy-now-pay-later (BNPL) service.Cash App grew its monthly active users to 23 million, representing over 40% of the total active base in December.Cash App is transforming into a social bank as it grows its banking services and Cash App Card user base.5 stocks we like better than BlockBlock Inc. NYSE: SQ is a technology company wi ...

Though small-cap stocks tend to outperform large-caps as a collective investment class, that truism hides a key risk when investing in small-cap stocks. There’s little barrier to entry, practically speaking, to public listing (and the few barriers are easily avoided, as in the case of SPAC mergers). This means that companies with limited prospects or long-term potential can achieve public stock exchange status, giving them an undeserved air of legitimacy.Each of these three small-cap stocks to sell has inhe ...

Going against a trend and shorting hot stocks doesn’t usually work out well. As the saying goes, the market can remain irrational longer than you can stay solvent. For months (it feels like years, though), bears have been calling for an imminent Nvidia (NASDAQ:NVDA) crash. But, on the contrary, shares kept climbing and knocked many short sellers off their feet (reminiscent of meme stock mania).But these three hot stocks are different. Rather than vague “it feels too high,” these stocks face material risks t ...

Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to Affirm CFO Michael Linford.The fintech firm uses the hour a consumer attempts a transaction as a key data point to help determine whether to approve loans, Linford told CNBC in a recent interview. Other factors include a user's repayment history with Affirm and transaction data from credit bureau Experian."Local time of day is a signal that we use in underwriting, and most tim ...

Shares of Affirm Holdings, Inc. (AFRM) have declined 8.6% since it reported second-quarter fiscal 2024 results on Feb 8. The quarterly results were hurt by an elevated expense level, which stemmed from an increase in loss on loan purchase commitment, provision for credit losses, funding costs, and processing and servicing expenses. Nevertheless, the downside was partly offset by improved servicing income, network revenues and an increase in the transaction count implying higher utilization of AFRM’s cards.A ...

Affirm Holdings Inc.’s stock had run up about 125% in the three months before its latest earnings report. That sort of rally helped set the bar “too high,” according to an analyst. Thus, while Affirm AFRM, -13.27% beat expectations with its fiscal second-quarter results Thursday, Wall Street was perhaps disappointed by an outlook for the second half of the fiscal year that implied slowing growth on revenue, adjusted operating income and gross merchandise volume, wrote Piper Sandler’s Kevin Barker. “This gui ...

Affirm Holdings (AFRM) reported $591.11 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 47.9%. EPS of $0.04 for the same period compares to -$1.10 a year ago.The reported revenue represents a surprise of +12.82% over the Zacks Consensus Estimate of $523.92 million. With the consensus EPS estimate being $0.08, the EPS surprise was -50.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

FY Q2 2024 Earnings Supplement Safe Harbor Statement/Use of Non-GAAP Financial Measures Cautionary Note About Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including statements regarding: ...

Affirm Holdings, Inc. (NASDAQ:AFRM) Q2 2024 Earnings Conference Call February 8, 2024 5:00 PM ET Company Participants Zane Keller - Director, IR Max Levchin - Founder & CEO Michael Linford - CFO Conference Call Participants Ramsey El-Assal - Barclays Andrew Jeffrey - Truist Securities Dan Dolev - Mizuho Reginald Smith - JP Morgan Robert Wildhack - Autonomous Research Jason Kupferberg - Bank of America Jill Shea - UBS James Faucette - Morgan Stanley John Hecht - Jefferies Kevin Barker - Piper Sandler Michael ...

Buy the rumor, goes the old Wall Street saying, sell the news.And that may have been what happened with Affirm’s stock Thursday evening after the market closed, when investors sent the shares down 11% on the heels of a massive runup into earnings that saw shares close 10% higher in the official trading session.It may be the case, too, that investors wanted to see more torque in the forward guidance, as management said that, per the shareholder letter penned by CEO Max Levchin accompanying fiscal send quarte ...