(24/7 MARKET NEWS) – SoFi Technologies, Inc. (NASDAQ: SOFI) reported, this morning, financial results for its third quarter ended September 30, 2022. Results included record GAAP and adjusted net revenue. GAAP net revenue came in at $424 million, up 56%; $419 million adjusted net revenue up 51% year-over-year. While adjusted EBITDA was $44 Million a 332% year-over-year increase. Additionally, management raised its 2022 guidance.
SoFi is trading at $6.00, up $0.56 (+10.29%), on over 750 thousand premarket shares traded.
Its 52-week range is $4.77 to $24.65. It last traded in the $6 range in September.
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