SoFi Shares Drop Despite Revenue Beat Due to Cautious Guidance
SoFi Technologies (NASDAQ:SOFI) shares fell over 13% after the company issued underwhelming guidance, overshadowing its first-quarter revenue beat. The company reported $1.1 billion in revenue, exceeding expectations, but its guidance for future performance was seen as cautious by investors.
Tickers: $SOFI
Topics: earnings report fintech guidance revenue beat SoFi stock price movement