SoFi Technologies is trading at $16.02 (-4.30%) in pre-market despite reporting second-quarter results that exceeded analyst estimates for both revenue and earnings.
- The company reported $1.22 billion in revenue, representing 43% year-over-year growth, and a diluted EPS of $0.12.
- The downward move appears to be a reaction to post-earnings profit-taking and broader caution around risk assets, as no major negative catalysts were reported.
- The decline occurs despite strength in the cryptocurrency market, with BTC up 1.79% and ETH up 2.16% over the last 24 hours.