US stocks surged | Fourth-quarter earnings exceeded expectations, US version of "Huabei" Affirm Holdings (AFRM.US) soared over 16%

date
30/08/2025
According to the Smart Financial APP, on Friday, the US version of "Hua Bei" Affirm Holdings (AFRM.US) surged by more than 16%, reaching a three and a half year high of $93.33. On the news front, the company announced better-than-expected fourth-quarter revenue and profits. Data shows that the company's Q4 revenue increased by 33% year-on-year to $876 million, beating market expectations of $837 million; net profit was $69.2 million, compared to a loss of $45.1 million in the same period last year; earnings per share were $0.20, also beating market expectations of $0.11. The fourth quarter gross merchandise volume (GMV) increased by 43% year-on-year, reaching $10.4 billion.