Affirm’s Stock Sinking: Debating Valuation “Fruitless”

Affirm’s Stock Falls Over 13% as Earnings Report Disappoints Wall Street

Affirm Holdings Inc.’s stock experienced a significant drop of more than 13% following its latest earnings report, disappointing Wall Street. Although the company beat expectations with its fiscal second-quarter results, an outlook for the second half of the fiscal year suggested slower growth in revenue, adjusted operating income, and gross merchandise volume. Analysts are attributing the decline to these factors, with one analyst suggesting that it may put pressure on the stock in the short term.