SoFi: Don't Buy now ? Maybe end May ?
@JC888:
Q1 2024 Earnings On Mon, 29 Apr 2024, $SoFi Technologies Inc.(SOFI)$ reported its Q1 2024 results. They did not disappoint: (see below) Earnings per share: $0.02 adjusted vs. $0.01 expected. Revenue (GAAP): gained +37% YoY at $645 million vs $472 million (2023), vs $556 million expected. 2nd Quarter reporting Profits. Q2 2024 Forecast. Earnings per share: revised higher at between $0.08 & $0.09 vs $0.08 expected. Revenue: estimated between $555 to $565 million, vs $581 million expected. As a result of having an outlook “lower” than Wall Street’s, it suffered the same fate as $Intel(INTC)$. SoFi stock price fell by -10.48% to closse at $7.05 per share. Earnings Analysis SoFi’s revenue stream comes from