Fintech Stock Falls Despite Upbeat Earnings

Fintech name SoFi Technologies Inc (NASDAQ:SOFI) reported first-quarter adjusted earnings and revenue of 2 cents per share and $581 million, respectively, both of which beat Wall Street estimates. This reported marked the firm's second consecutive quarter of profitability, but the shares are 10.9% lower to trade at $7.02 at last glance, giving back solid premarket gains. Despite today's pullback, SoFi Technologies stock is holding above its year-to-date lows just above the $7 level. Several short-term movin ...