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Affirm Shares Drop 4% on Monday as Post-Earnings Rally Unwinds, Despite Q4 GMV Surging 36% and Revenue Rising 33% to $1.17 Billion
Affirm Holdings (NASDAQ:AFRM) stock fell to $74.51, unwinding much of the gain from its fiscal fourth-quarter report released on Thursday, August 27. The company's gross merchandise volume (GMV) for the quarter ended June 30 reached $14.1 billion, exceeding estimates, while revenue beat expectations at $1.17 billion. CEO Max Levchin attributed demand to inflation, and Affirm provided fiscal 2027 guidance for GMV above $64 billion and adjusted operating margin above 30%.
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