SoFi Technologies, Inc. Raises Earnings Guidance for the Full Year 2024
October 29, 2024 at 07:00 am EDT
Share
SoFi Technologies, Inc. raised earnings guidance for the full year 2024. For the year, the company now expect GAAP net income of $204 million to $206 million, above prior guidance of $175 million to $185 million, and GAAP EPS of $0.11 to $0.12, above prior guidance of $0.09 to $0.10.
SoFi Technologies, Inc. is a provider of financial services. The Company, through its lending and financial services products, allows members to borrow, save, spend, invest, and protect their money. It operates through three segments: Lending, Technology Platform and Financial Services. The Lending Segment offers personal loans, student loans, home loans and related servicing. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding, and servicing. The Technology Platform segment provide technology platform services through a diversified suite of offerings which include an event and authorization platform accessed via application programming interfaces, a cloud-native digital and core banking platform and services related to both platforms. The Financial Services segment include SoFi Money, SoFi Invest, and other services, including SoFi Credit Card, Lantern Credit, SoFi Relay, SoFi Protect, and SoFi Travel.
SOFI TECHNOLOGIES, INC. 
