On July 29, SoFi Technologies Inc. declined 6.51% in regular trading, trading at $15.48/share, with turnover of $327 million.

The company reported Q2 adjusted EPS of $0.12, beating the consensus estimate of $0.11 and up from $0.08 a year earlier. Revenue came in at $1.22 billion, significantly above the $1.11 billion estimate and up from $854.9 million year-over-year. SoFi also raised its full-year adjusted net revenue guidance to $4.75 billion-$4.85 billion, surpassing the FactSet estimate of $4.70 billion.

However, the company maintained its full-year adjusted EBITDA guidance at approximately $1.6 billion, merely matching market expectations with no upward revision on the profit front. Given that shares had already rallied over 6% in the two trading days prior to earnings as the market priced in optimistic expectations, the failure to raise profit guidance disappointed some investors, triggering profit-taking pressure despite the top-line beat.

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