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What Drove Affirm Stock to Fall 2.05% on Friday?

ResultsRead the original at Benzinga
Good for AFRM

Affirm beat first-quarter estimates and raised its sales and payment-volume forecasts. Higher loan-loss reserves and tests of riskier loans add concern, but late-payment and loss trends stayed stable, leaving the growth news stronger.

AFRM · Affirm Holdings Inc.

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The AI's read

The higher forecasts point to continued growth in sales and payment volume. Setting aside more money for possible loan losses, including from newer borrower groups, adds risk. But the analyst said late-payment and loss trends stayed stable, and the test loans should end within months. The growth evidence is stronger.

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