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Why SoFi Technologies Stock Soared Today

TheMotleyFool

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SoFi Technologies (NASDAQ: SOFI), the San Francisco fintech, soared 14% through 12:50 p.m. ET after beating on the top and bottom lines in its second-quarter earnings report this morning.

Analysts forecast SoFi would earn $0.06 per share on $804.4 million in quarterly sales, but SoFi earned $0.08, and revenue was $858.2 million, or $854.9 million, according to generally accepted accounting principles (GAAP).

Image source: Getty Images.

Source Fool.com

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