Affirm shares surge 34% and head for best day in three years after earnings beat

Affirm shares soared 34% on Thursday and were on pace for their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. If the rally holds, it will be the third-biggest rally for the stock since the company's IPO in January 2021. The stock was trading at $42.17 as of early afternoon.Following the market close on Wednesday, Affirm said revenue in the fiscal fourth quarter climbed 48% from a year earlier to $659 million, and that ...