Why SoFi Technologies Stock Crashed 12.5% After Earnings [Yahoo! Finance]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Yahoo! Finance
Heading into earnings, analysts forecast the online bank would earn $0.04 per share on $632.3 million. In fact, SoFi reported a profit of $0.05 per share, and its revenue exceeded expectations, at $697.1 million. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » SoFi continued to post impressive growth in the third quarter, with members rising 35% year over year to 9.4 million, although revenue grew slower at 30%. CEO Anthony Noto called the company's growth trends "durable," and noted that Q3 "was the strongest quarter in our history." SoFi also noted increases in credit quality. Personal loan charge-offs declined 32 basis points to 3.52%, and delinquencies on personal loans fell 7 basis points to 0.57%. Both metrics should tend to boost profits at the company. Indeed, net interest income grew 25%. Growth was fastest in the company's financial services and tech platform segment, where sales rose 64% year over year. Th
Show less
Read more
Impact Snapshot
Event Time:
SOFI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOFI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOFI alerts
High impacting SoFi Technologies, Inc. news events
Weekly update
A roundup of the hottest topics
SOFI
News
- Is SoFi Technologies Stock a Buy Now? [Yahoo! Finance]Yahoo! Finance
- SoFi Plus Premium Membership Now Offers $1,000+ in Annual ValueBusiness Wire
- 2 Top Fintech Stocks to Buy in February [Yahoo! Finance]Yahoo! Finance
- Where Will SoFi Be in 5 Years? [Yahoo! Finance]Yahoo! Finance
- SoFi to Participate in Upcoming Investor ConferenceBusiness Wire
SOFI
Earnings
- 1/27/25 - Beat
SOFI
Sec Filings
- 1/27/25 - Form 8-K
- 1/23/25 - Form 4
- 1/10/25 - Form 8-K
- SOFI's page on the SEC website