Affirm Holdings Q2 Earnings Beat on Higher Transactions, Stock Up 22%

Affirm Holdings, Inc.’s (AFRM) shares gained 21.8% on Feb. 7, reflecting investor optimism about the company's prospects, after a robust quarter. AFRM’s strong quarterly results benefited from higher network revenues and servicing income. Higher transactions, robust repeat customer engagement and a successful holiday shopping season also boosted performance. However, the results were partly offset by an escalating expense level, which was primarily due to a significant increase in provision for credit losse ...