SoFi Maintains Guidance Amid Macro Uncertainty, Shares Drop 15%
SoFi CEO Anthony Noto explained that the company did not raise its full-year guidance due to macroeconomic uncertainty, despite reporting strong results including $1.09 billion in net revenue and meeting its 'Rule of 40' target for the 18th consecutive quarter. Shares of SoFi fell over 15% following the announcement, as investors focused on the unchanged outlook.
Tickers: $SOFI
Topics: Earnings Guidance Macro Uncertainty Revenue Growth Rule of 40 SoFi