Affirm (AFRM) Stock: Why Shares Dropped Despite Beating Earnings

TLDR Affirm posted Q2 EPS of $0.37, beating the $0.28 estimate by $0.09, while revenue hit $1.12 billion versus $1.06 billion expected. Stock fell 4.4% to $59.42 as management left out forward EPS guidance and gave mixed Q3 revenue projections. CEO Max Levchin sold 666,666 shares for $53.7 million at $80.62 in January, weeks before [...]

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