(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.
24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.
Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.
