Affirm, SoFi stocks drop ahead of earnings

7 months ago 69
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Wednesday day marks an eventful play for financial-technology earnings, with Affirm Holdings Inc. AFRM, -12.91%, SoFi Technologies Inc. SOFI, -4.95%, and Marqeta Inc. MQ, -2.45% owed to report, and each 3 stocks are falling up of those results. Affirm shares are down astir 13%, portion SoFi shares are disconnected much than 4%, and Marqeta shares are down much than 3%. Investors look to person precocious expectations for fintech companies this reporting season, arsenic Toast Inc. TOST, -15.53% shares are getting burned despite a bushed connected header metrics precocious Tuesday. Wednesday seems to beryllium trending amended for older-school fintech players, with shares of Mastercard Inc. MA, +3.87% up astir 4% aft the institution delivered maturation targets astatine its investor-day lawsuit that impressed astatine slightest 1 analyst. Shares of rival Visa Inc. [s; V] are up astir 1% Wednesday.

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