So Far, So Good for SOFI Stock After First-Ever Profit
SoFi TechnologiesSoFi Technologies(US:SOFI) InvestorPlace·2024-01-29 18:58

Online financial services company SoFi Technologies (NASDAQ:SOFI) might be turning a corner. SoFi finally reported actual earnings… and not a loss, news that sent its struggling stock surging Monday.Shares of SoFi skyrocketed nearly 20% after the company said that it posted a net profit of nearly $48 million, or 2 cents a share, for the fourth quarter. Revenue surged 35% to about $615 million. Wall Street analysts were expecting a loss of 1 cent a share and revenue of about $572 million.The numbers form SoF ...