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SoFi Technologies (SOFI) shares jump as earnings, revenue top consensus estimates

January 29, 2024 7:55 AM EST

SoFi Technologies (NASDAQ: SOFI) shares surged more than 10% Monday after the company reported its latest quarterly earnings, topping consensus expectations.

The online personal finance company reported Q4 EPS of $0.02, $0.02 better than the analyst estimate of $0.00, while revenue for the quarter came in at $594.2 million, up 34% year-on-year and above the consensus estimate of $571.83 million.

SoFi also reported quarterly new member adds of nearly 585,000, with total members rising 44% year-on-year... More