SoFi Technologies Stock Sinks on Soft Guidance

Category: Finance

SoFi Technologies (SOFI) shares fell 10% after the company provided lower-than-expected earnings guidance, despite reporting better-than-expected fourth-quarter results with a 19% revenue increase. The Financial Services unit saw an 84% revenue surge, contributing to a record 49% of total revenue. CEO Anthony Noto anticipates 2024 to be the company's best year, although shares have more than doubled in value over the past year.

Keywords: SoFi Technologies, earnings guidance, financial services

Source: Investopedia

Update At: 1/28/2025

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