: : SoFi stock gains after company gives upbeat 2023 earnings forecast #FinanceUSA #StockMarketNEWS Shares of SoFi Technologies Inc. SOFI were rising 7% in premarket trading Monday after the digital

@stockMarketNEWS Tue 31 Jan, 2023

Posted in: #FinanceUSA #StockMarketNEWS

: SoFi stock gains after company gives upbeat 2023 earnings forecast #FinanceUSA #StockMarketNEWS
Shares of SoFi Technologies Inc. SOFI were rising 7% in premarket trading Monday after the digital financial services company delivered an upbeat earnings forecast for the full year ahead. The company posted a fourth-quarter net loss of .0 million, or 5 cents a share, compared with a loss of 1 million, or 15 cents a share, in the year-earlier period. Analysts tracked by FactSet were expecting a 9-cent per-share loss. On an adjusted basis, SoFi reported earnings before interest, taxes, depreciation, and amortization (Ebitda) of .1 million, compared with .6 million a year and ahead of the million FactSet consensus. Total net revenue rose to 6.7 million from 5.6 million, while analysts had been projecting 3 million. Total deposits at SoFi Bank rose 46% on a sequential basis. For the first quarter, SoFi anticipates million to million in adjusted Ebitda, and for the full year, the company expects to see 0 million to 0 million. The FactSet consensus was for million in first-quarter adjusted Ebitda as well as 6 million for the full year. SoFi expects that it could generate positive GAAP net income in the fourth quarter of 2023.

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