Shares of Affirm had been falling sharply Friday after the “purchase now, pay later” firm issued a fiscal third-quarter income forecast that was beneath analysts’ expectations.

Affirm (ticker: AFRM) dropped 17.2% to $48.60 after the corporate mentioned it expects income within the present quarter of $325 million to $335 million, beneath Wall Avenue forecasts of $335.5 million. The corporate mentioned it expects income much less transaction prices within the quarter of $138 million to $143 million. Analysts at Piper Sandler had anticipated income much less transaction…

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