SoFi Technologies’ Q4 Earnings Propel Stock Surge SoFi Technologies’ Q4 Earnings Propel Stock Surge

By: Alex Freidmen

U.S. stocks traded mixed, with the Dow Jones trading slightly lower on Monday.

SoFi Technologies, Inc. (NASDAQ:SOFI) shares soared after the company reported better-than-expected fourth-quarter revenue.

Revenue increased 34% year-on-year to $594.25 million, outperforming the consensus of $571.70 million. The adjusted EPS of 2 cents also surpassed expectations of 0 cents.

SoFi Technologies’ stock surged 20% to $9.16 on Monday.

Here are some other notable gainers from today’s trading session:

  • Cardlytics, Inc. (NASDAQ:CDLX) shares surged 28% to $7.40 following an announcement of a settlement agreement with SRS and updated preliminary Q4 2023 results.
  • Lucid Group, Inc. (NASDAQ:LCID) rose 23% to $3.2703.
  • Fisker Inc. (NYSE:FSR) climbed 12.8% to $0.9063.
  • Evolus, Inc. (NASDAQ:EOLS) gained 12.4% to $13.41 after Barclays upgraded the stock.
  • Tarsus Pharmaceuticals, Inc. (NASDAQ:TARS) rose 10.2% to $28.43.
  • McGrath RentCorp (NASDAQ:MGRC) increased by 9.7% to $122.60 following an acquisition agreement with WillScot Mobile Mini.
  • Pagaya Technologies Ltd. (NASDAQ:PGY) climbed 9.6% to $1.26 after positive outlook statements.
  • Horace Mann Educators Corporation (NYSE:HMN) gained 9% to $38.13 following an analyst upgrade.
  • CleanSpark, Inc. (NASDAQ:CLSK) surged 8.8% to $8.72.
  • Waldencast plc (NASDAQ:WALD) rose 7.8% to $8.27.
  • Wheels Up Experience Inc. (NYSE:UP) jumped 7.1% to $3.32.
  • ZoomInfo Technologies Inc. (NASDAQ:ZI) gained 6.7% to $16.94 after a stock upgrade and revised price target.
  • Coinbase Global, Inc. (NASDAQ:COIN) rose 6.2% to $132.92.
  • Marathon Digital Holdings, Inc. (NASDAQ:MARA) increased by 5.5% to $18.83.
  • Rumble Inc. (NASDAQ:RUM) gained 5% to $6.34.
  • Levi Strauss & Co. (NYSE:LEVI) rose 3.5% to $16.50 following upbeat fourth-quarter earnings.

 

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