Stock Track | SoFi Technologies Plunges 9.11% in Pre-Market Amid Profit-Taking Despite Strong Q1 Results

Stock Track04-29 19:05

SoFi Technologies Inc. (SOFI) experienced a significant pre-market decline of 9.11% on Wednesday, as investors took profits following a substantial rally and adopted a cautious stance ahead of the company's quarterly earnings release.

The fintech company reported strong first-quarter results, with adjusted net revenue of $1.09 billion beating estimates of $1.05 billion, and adjusted EPS of $0.12 meeting expectations. SoFi also achieved record net revenue of $1.1 billion, record member growth of 35% to 14.7 million members, and net income of $167 million.

Despite these positive financial metrics, the stock faced heavy selling pressure due to profit-taking after accumulating significant short-term gains, with its April rally exceeding 22% at one point. Institutional investors turned notably cautious ahead of the earnings release, while broader weakness in the consumer finance sector further weighed on the stock price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1128669327?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-29 19:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1128669327","market":"nz","top_or_hot":-1,"title":"Stock Track | SoFi Technologies Plunges 9.11% in Pre-Market Amid Profit-Taking Despite Strong Q1 Results","media":"Stock Track","content":"<p>SoFi Technologies Inc. (SOFI) experienced a significant pre-market decline of 9.11% on Wednesday, as investors took profits following a substantial rally and adopted a cautious stance ahead of the company's quarterly earnings release.</p><p>The fintech company reported strong first-quarter results, with adjusted net revenue of $1.09 billion beating estimates of $1.05 billion, and adjusted EPS of $0.12 meeting expectations. SoFi also achieved record net revenue of $1.1 billion, record member growth of 35% to 14.7 million members, and net income of $167 million.</p><p>Despite these positive financial metrics, the stock faced heavy selling pressure due to profit-taking after accumulating significant short-term gains, with its April rally exceeding 22% at one point. Institutional investors turned notably cautious ahead of the earnings release, while broader weakness in the consumer finance sector further weighed on the stock price.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | SoFi Technologies Plunges 9.11% in Pre-Market Amid Profit-Taking Despite Strong Q1 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | SoFi Technologies Plunges 9.11% in Pre-Market Amid Profit-Taking Despite Strong Q1 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-04-29 19:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SoFi Technologies Inc. (SOFI) experienced a significant pre-market decline of 9.11% on Wednesday, as investors took profits following a substantial rally and adopted a cautious stance ahead of the company's quarterly earnings release.</p><p>The fintech company reported strong first-quarter results, with adjusted net revenue of $1.09 billion beating estimates of $1.05 billion, and adjusted EPS of $0.12 meeting expectations. SoFi also achieved record net revenue of $1.1 billion, record member growth of 35% to 14.7 million members, and net income of $167 million.</p><p>Despite these positive financial metrics, the stock faced heavy selling pressure due to profit-taking after accumulating significant short-term gains, with its April rally exceeding 22% at one point. Institutional investors turned notably cautious ahead of the earnings release, while broader weakness in the consumer finance sector further weighed on the stock price.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOFI","symbol_name":"SoFi Technologies Inc.","start_time":0,"source_url":"","article_id":"1128669327","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128669327","pubTimestamp":1777460721,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SoFi Technologies Inc. (SOFI) experienced a significant pre-market decline of 9.11% on Wednesday, as investors took profits following a substantial rally and adopted a cautious stance ahead of the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"translate_title":"个股追踪|SoFi Technologies盘前暴跌9.11%尽管Q1业绩强劲，但仍因获利了结","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":1},"content_text":"SoFi Technologies Inc. (SOFI) experienced a significant pre-market decline of 9.11% on Wednesday, as investors took profits following a substantial rally and adopted a cautious stance ahead of the company's quarterly earnings release.The fintech company reported strong first-quarter results, with adjusted net revenue of $1.09 billion beating estimates of $1.05 billion, and adjusted EPS of $0.12 meeting expectations. SoFi also achieved record net revenue of $1.1 billion, record member growth of 35% to 14.7 million members, and net income of $167 million.Despite these positive financial metrics, the stock faced heavy selling pressure due to profit-taking after accumulating significant short-term gains, with its April rally exceeding 22% at one point. Institutional investors turned notably cautious ahead of the earnings release, while broader weakness in the consumer finance sector further weighed on the stock price.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1128669327","isCrawlerRequest":true}