SoFi’s Stock Sinks As A Downbeat Outlook Negates A Big Revenue Beat
SoFi Technologies Inc. provided mixed first-quarter guidance, with profitability expected to be below Wall Street forecasts but revenue above — and that’s sending the stock sinking more than 12% in early Monday trading.The financial-technology company SOFI expects $725 million to $745 million in adjusted net revenue for the first quarter. Analysts were modeling $688 million. SoFi is also targeting $175 million to $185 million in adjusted earnings before interest, taxes, depreciation and amortiza