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Affirm shares soar 16% on revenue beat, surprise profit during holiday period

1. Affirm stock rose 16% after beating revenue forecasts. 2. Fiscal Q2 revenue reached $866 million, exceeding analyst expectations. 3. Company posted earnings of 23 cents per share, contrary to expected loss. 4. Gross merchandise volume hit $10.1 billion, marking 35% growth year-over-year. 5. Affirm aims for GAAP profitability by the end of Q4.

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FAQ

Why Very Bullish?

Affirm's strong revenue and profit beat analysts' expectations, similar to previous upward trends.

How important is it?

Strong earnings suggest sustained performance, directly influencing investor sentiment.

Why Short Term?

Immediate market reactions to earnings reports often stabilize soon after release.

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