Affirm’s (AFRM) shares are trading lower on Friday after the company released its second-quarter earnings report. Despite showing a 48% increase in revenue, the full-year guidance did not meet Wall Street expectations.
In an interview with Yahoo Finance, Affirm CFO Michael Linford discussed the company’s performance and the state of the consumer in today’s economic environment. Linford highlighted how the company has adapted its business to operate effectively in this interest rate environment, allowing it to serve a large number of consumers in the last quarter and set itself up for continued success in the future.
Linford also pointed out that despite some challenges, consumers continue to spend and engage highly, and strong employment data indicate that they are still actively participating in the economy. With its financial products positioned to support consumers, Affirm is well-positioned to capitalize on these trends.
For more expert insight and market action updates, viewers can tune into Yahoo Finance Live. This article was written by Nicholas Jacobino.