Affirm Holdings Inc (NASDAQ: AFRM) shares are trading higher in Thursday's after-hours session after Amazon.com Inc (NASDAQ: NASDAQ:AMZN) shares jumped 12% on the back of better-than-expected financial results.
- Revenue: $121.23 billion beat estimate of $119.09 billion
- Adjusted EPS: $0.18 beat estimate of $0.13
"We're also seeing revenue accelerate as we continue to make Prime even better for members," he added.
Amazon said it expects third-quarter revenue to be between $125 billion and $130 billion versus the estimate of $126.42 billion.
Related Link: Amazon Q2 Earnings Highlights: Revenue Beat, Loss On Rivian Investment, Prime Day, Guidance And More
Affirm had announced a partnership with Amazon last year. The e-commerce giant uses Affirm as a payment option on its platform. Amazon customers have the option to split the total cost of purchases into simple monthly payments using Affirm.
AFRM Price Action: Affirm has a 52-week high of $102.21 and a 52-week low of $13.64.
The stock was up 4.34% at $26.95 at press time, according to data from Benzinga Pro.
Photo: courtesy of Affirm.
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