The company said, "We continue to expect to achieve a sustained profitability run rate, on an Adjusted Operating Income basis, as we exit fiscal year 2023. However, we are reducing our outlook for FY’23. We are confident that our teams are prioritizing the right initiatives as we work to offset the macroeconomic headwinds we have faced during the last several quarters, and we expect to continue to operate the business with a conservative credit posture while navigating extremely volatile capital markets."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on AFRM:
- AFRM Plunges after Disastrous Results; Plans to Cut 19% of Workforce
- Affirm Holdings options imply 18.3% move in share price post-earnings
- Notable companies reporting after market close
- Affirm price target raised to $18 from $11 at Deutsche Bank
- KAYAK and Affirm partner to help travelers book now and pay over time