Affirm Falls on Results, Expedia Cuts Outlook, Tesla Leads Mag 7
On this episode of Stock Movers: - Affirm (ARFM) shares plunged as much as 14% on Friday after the financial technology company reported what some analysts said were “mixed” results. Analysts made note of the mostly positive earnings, but flagged expectations were very high heading into the results and the guidance given may be conservative. - Expedia (EXPE) cut its full-year outlook for gross bookings and revenue after it saw weaker-than-expected domestic and inbound travel demand in the US at the start of the year. Gross bookings and revenue are now expected to grow 2% to 4% in…
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