BUZZ-<a href="https://laohu8.com/S/AFRM">Affirm</a> Holdings surges after Q1 revenue beat, strong GMV projection ** BNPL lender Affirm Holdings' AFRM.O shares rise 10.2% to $72.7 premarket
** Co late on Thursday posted Q1 revenue of $933.3 million, beating analysts' average estimate of $881.7 million - data compiled by LSEG
** AFRM projected Q2 revenue between $1.03 billion and $1.06 billion, analysts expect Q2 revenue of $1.05 billion
** Co expects gross merchandise value (GMV) of more than $47.5 billion for the full-year vs analysts expectation of $43.4 billion
** GMV is the total dollar amount of goods sold through an online marketplace over a certain period, It shows how much business a platform is doing
** As of last close, AFRM shares are up 8.3% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.