SoFi Technologies Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-13

SoFi Technologies (NASDAQ:SOFI) Third Quarter 2024 ResultsKey Financial Results Revenue: US$691.1m (up 34% from 3Q 2023). Net income: US$60.7m (up from US$276.9m loss in 3Q 2023). Profit margin: 8.8% ...

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Net income: US$60.7m (up from US$276.9m loss in 3Q 2023). Profit margin: 8.8% ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/diversified-financials/nasdaq-sofi/sofi-technologies/news/sofi-technologies-third-quarter-2024-earnings-beats-expectat-1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://simplywall.st/stocks/us/diversified-financials/nasdaq-sofi/sofi-technologies/news/sofi-technologies-third-quarter-2024-earnings-beats-expectat-1","article_id":"2483583228","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7121000-choice2-main-header/1585186688507"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483583228","pubTimestamp":1731501589,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"SoFi Technologies ( NASDAQ:SOFI ) Third Quarter 2024 Results Key Financial Results Revenue: US$691.1m (up 34% from 3Q...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"SoFi Technologies 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":0.9},"content_text":"SoFi Technologies (NASDAQ:SOFI) Third Quarter 2024 ResultsKey Financial Results Revenue: US$691.1m (up 34% from 3Q 2023). Net income: US$60.7m (up from US$276.9m loss in 3Q 2023). Profit margin: 8.8% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. EPS: US$0.057 (up from US$0.29 loss in 3Q 2023).  NasdaqGS:SOFI Earnings and Revenue Growth November 13th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period SoFi Technologies Revenues and Earnings Beat Expectations  Revenue exceeded analyst estimates by 8.8%.  Earnings per share (EPS) also surpassed analyst estimates by 25%.      Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.    Performance of the American Consumer Finance industry.  The company's shares are up 21% from a week ago.   Risk Analysis What about risks? Every company has them, and we've spotted   1 warning sign for SoFi Technologies   you should know about.  New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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