SoFi Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
SoFi Technologies (SOFI) cut to underweight at Morgan Stanley on profitability target risks
January 31, 2024 7:54 AM ESTSoFi Technologies (NASDAQ: SOFI) was cut to Underweight at Morgan Stanley on Wednesday, with analyst Jeffrey Adelson lowering the bank's price target for the stock to $6.50 from $7 per share.
Adelson cited factors such as regulatory headwinds and execution risks to reaching the company's new profitability targets as reasons for the... More
SoFi Technologies (SOFI) shares jump as earnings, revenue top consensus estimates
January 29, 2024 7:55 AM ESTSoFi 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
SoFi Technologies (SOFI) Tops Q4 EPS by 2c, Offers Guidance
January 29, 2024 7:02 AM ESTSoFi Technologies (NASDAQ: SOFI) reported Q4 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $594.2 million versus the consensus estimate of $571.83 million.
GUIDANCE:
SoFi Technologies sees Q1 2024 revenue of $550-560 million, versus the consensus of $580.1 million.Management expects to generate $550 to $560 million of adjusted net revenue in the first quarter of 2024, $110 to $120 million of adjusted EBITDA and GAAP net income of $10 to $20 million. This guide anticipates a 20% adjusted EBITDA margin.For the full year 2024, management expects Tech Platform and... More