SoFi Stock Leaps on Narrower-Than-Expected Loss and Revenue Beat



SoFi Technologies


was surging after posting a narrower-than-expected third-quarter loss and revenue that exceeded forecasts. 

SoFi (ticker: SOFI), the financial-technology company, reported third-quarter net revenue of $419 million, up 51% year over year, and a loss of 9 cents a share. It also reported adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) of $44 million, an increase of 332% from a year earlier.

Source: https://www.barrons.com/articles/sofi-stock-earnings-revenue-51667312957?siteid=yhoof2&yptr=yahoo