Earnings

Affirm shares soar after company announces expanded deal with Amazon

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Drew Angerer / Getty Images 

Shares of Affirm, the digital “buy now, pay later” company, soared as high as 30% in after-hours trading Wednesday, after the company said it would expand its partnership with Amazon. The company also beat analyst estimates on revenue in the fiscal first quarter.

Here’s how Affirm did:

  • Loss per share: $1.13 adjusted per share
  • Revenue: $269.4 million vs. $248.2 million estimated by analysts

As part of the new agreement with Amazon, Affirm will serve as the sole third-party buy now, pay later option for the e-commerce giant in the U.S. However, credit card companies will still be able to offer buy now, pay later options on Amazon in the future. Amazon will also…



Source cnbc.com

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