Earnings Recap – November 11th 💰

Earnings Recap – November 11th


​​Shares of fintech company Affirm soared Thursday after posting their latest quarterly numbers.

The company’s stock soared as high as 30% after hours Wednesday after Affirm said it’s expanding its partnership with Amazon.

Affirm reported revenue of $269.4 million and beat a Refinitiv estimate of $248.2 million. The buy now, pay later company also reported a quarterly loss per share of $1.13.

“Our strong quarter once again demonstrates the continued momentum across Affirm as more people embrace the transparency, flexibility, and value our solutions provide,” said Max Levchin, Founder and CEO of Affirm. “

Our unrivalled technology, industry-leading talent, and the investments we are making are delivering results. Over the last year, we expanded our network by increasing the number of active merchants on our platform to over 100,000 and more than doubling the number of active consumers. These deep connections and our partnerships with merchants drove growth in GMV, frequency of engagement, and revenue.”

Affirm also gave strong guidance for the current quarter, estimating $320 million to $330 million in revenue, versus analyst expectations of $296 million.

Affirm shares closed up 13.7% on Thursday.

Beyond Meat

Beyond Meat reported a wider-than-expected loss for its fourth quarter and revenue that fell short of analysts’ estimates.

Beyond reported fiscal third-quarter net loss of $54.8 million, or 87 cents per share, wider than a net loss of $19.3 million, or 31 cents per share, a year earlier. Analysts surveyed by Refinitiv expected a loss of 39 cents per share.

Net sales rose 12.7% to $106.4 million, missing expectations of $109.2 million.

Investors expressed concern on Wednesday that customers might not be getting the idea behind Beyond Meat. “I think this is an opportunity for us to continue to lay the core foundation of our future growth,” Beyond Meat Chief Executive Ethan Brown said in a call with investors Wednesday night. “I think we need to continue to create more data around the points of the benefits of our products.”

The company’s revenue forecast for the fourth quarter is far from hot. Beyond Meat projects between $85 million and $110 million. Analysts polled by FactSet had projected $130.5 million.

Beyond Meat stock plunged 17% in premarket trading.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.


More Posts

Taiwan’s Tango 🕺

Taiwan depends more on China for trade than it does on the U.S, China still holds major influence on the state of the Taiwanese econom

Permit 🚘

Self-driving cars have moved from a mere fictional and playful speculation to a reality.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.


Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying, holding or investing in digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC.

The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.