SoFi Technologies Stock Jumps 20% on Q2 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/SOFI'>SoFi Technologies (NASDAQ:SOFI)</a> shares jumped more than 20% intra-day today following the digital lender's second-quarter results, which surpassed expectations. </p>
<p>The company reported a loss per share of $0.06, which was slightly better than the Street estimate of a loss per share of $0.07. Furthermore, its adjusted revenue witnessed a 37% year-over-year increase, amounting to $488.8 million, beating the Street estimate of $475.9 million.</p>
<p>Looking ahead, SoFi expects to generate adjusted net revenue of $1.025 billion to $1.085 billion in the second half of 2023, representing a year-over-year growth of 19% to 26%. Additionally, it foresees $180-190 million of adjusted EBITDA during the same period.</p>
<p>For the full year 2023, SoFi has raised its outlook, expecting adjusted net revenue to be in the range of $1.974 billion to $2.034 billion, up from the prior guidance of $1.955 billion to $2.02 billion. </p>

NASDAQ:SOFI