OppFi Lowers Full-Year Guidance Following Q3 Revenue Miss

OppFi reported third-quarter non-GAAP earnings per share of $0.37, exceeding analyst expectations by $0.03. However, the company's revenue for the quarter reached $149.23 million, representing a 3.8% year-over-year decline and falling short of consensus estimates by approximately $3.56 million. Due to these results, OppFi has adjusted its full-year guidance downward. The company now projects revenue between $600 million and $610 million, which sits below the previous market consensus of $611.36 million. Adjusted EPS is expected to land between $1.34 and $1.40, also trailing analyst expectations.

By Manshi Mamtora, CFA, SA News Editor · Seeking Alpha ·

OppFi Lowers Full-Year Guidance Following Q3 Revenue Miss

Tickers: $OPFI

Topics: earnings beat guidance non-GAAP EPS revenue miss

Read the full article at Seeking Alpha

More World news