Finance
SoFi Boosts 2024 Profit Forecast for Second Time This Year
- Revenue projection also raised as earnings beat estimates
- CEO says SoFi can manage regardless of US election outcome
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SoFi Technologies Inc. raised its forecast for this year’s profit and revenue as the fintech benefits from both its newer technology businesses and its trademark lending operation.
The forecast for earnings per share in 2024 increased to 9 cents to 10 cents, according to the company, which three months ago raised that range to between 8 cents and 9 cents. Adjusted net revenue is now expected to fall between $2.425 billion and $2.465 billion, up from a previous range of $2.39 billion to $2.43 billion, SoFi said in a statement Tuesday.