SoFi Stock Tumbles Despite Strong Results, Outlook

By Investor's Business Daily | Oct 29, 2024 at 11:09 AM EST

Despite a strong Q3 earnings report and optimistic outlook, SoFi stock fell over 9% due to weaker-than-expected revenue growth in its technology segment. SoFi reported a net income of 5 cents per share, with revenue increasing by 30% to $697 million.

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