===SoFi Technologies (SOFI) reported earnings on Mon 29 Apr 24 (b/o)

 

SoFi Technologies beats by $0.01, beats on revs; guides Q2 revs below consensus; raises FY24 adjusted revenue and GAAP EPS guidance 

• Reports Q1 (Mar) earnings of $0.02 per share, excluding non-recurring items, $0.01 better than the FactSet Consensus of $0.01; revenues rose 26.2% year/year to $580.6 mln vs the $555.27 mln FactSet Consensus.
• Co issues downside guidance for Q2, sees Q2 revs of $555-$565 mln vs. $580.78 mln FactSet Consensus. Guides for adjusted EBITDA of $115 to $125 million and Net Income of $5 to $10 million.
• Co raises guidance for FY24, sees FY24 revs of $2.39-$2.43 bln vs. prior guidance of $2.365-$2.405 bln, above the $2.38 bln FactSet Consensus. Sees GAAP EPS of $0.08-$0.09 vs prior guidance of $0.07-$0.08.