On July 30, SoFi Technologies Inc. rose 5.18% in regular trading, trading at $16.055/share, with turnover of $565 million. The stock staged a recovery bounce after the prior session's over 7% decline, as the market refocused on the company's strong Q2 fundamental performance.

SoFi reported Q2 adjusted EPS of $0.12, beating the consensus estimate of $0.11 and up from $0.08 a year earlier. Revenue reached $1.22 billion, significantly surpassing the $1.11 billion estimate and up 43% year-over-year. The company also raised its full-year adjusted net revenue guidance to $4.75-$4.85 billion, above the prior $4.66 billion outlook and the Street estimate of $4.70 billion. Additionally, cross-selling momentum accelerated, with SoFi adding twice as many products as members in Q2, marking a key milestone in its platform strategy.

The prior session's selloff was triggered by the company maintaining its full-year adjusted EBITDA guidance at approximately $1.6 billion without an upward revision, combined with profit-taking pressure after the stock had rallied over 6% heading into the earnings release. After a one-day digestion period, buyers returned to capitalize on the fundamental strength.

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