Sofi Tanks as it Posts Higher Than Estimated Q2 Loss; Reiterates Outlook

By Dhirendra Tripathi

Investing.com – SoFi Technologies stock (NASDAQ:SOFI) slumped 14% Friday after a second quarter loss that was wider than expected.

The fintech reiterated its 2021 outlook. For the full-year, it forecasts adjusted net revenue of $980 million and adjusted earnings before interest, taxes, depreciation and amortization of $27 million.

The company has already logged $453.25 million in revenue in the first six months of the year.

Its second-quarter adjusted net revenue jumped…


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