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SoFi Stock Tumbles as Earnings Published Ahead of Schedule

SoFi Technologies stock has resumed trading after formally releasing the earnings that had been released early by Bloomberg. Unfortunately for SoFi shareholders, SoFi now expects second-quarter adjusted revenue between $330 million and $340 million, below estimates for $343.9 million, and forecast earnings before interest, taxes, amortization, and depreciation of $100 million to $105 million, below estimates for $119 million.

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