Affirm Holdings Stock Dives Despite Q3 Report Of In-Line Revenues, Guidance Raise: Why Analyst Says There Is No Positive Catalyst

Affirm Holdings Inc AFRM shares tanked in early trading on Friday, even after the company on Thursday reported broadly in-line fiscal third-quarter results.The company's margins came in better than expected, driven by good expense discipline, according to Needham.The Affirm Holdings Analyst: Analyst Kyle Peterson maintained a Hold rating on the stock.The Affirm Holdings Thesis: The company reported its quarterly GMV (gross merchandise value) at $8.6 billion, up 36.5$8.2 bi ...