SoFi Inventory Leaps on Narrower-Than-Anticipated Loss and Income Beat

SoFi Technologies

was surging after posting a narrower-than-expected third-quarter loss and revenue that exceeded forecasts. 

SoFi (ticker: SOFI), the financial-technology company, reported third-quarter net revenue of $419 million, up 51% year over year. and a loss of 9 cents a share. It also reported adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) of $44 million, an increase of 332% from a year earlier.

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