FinTech IPO Index Adds 3% as Oportun Soars on Preliminary Quarterly Results
For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week.
Earnings Begin to Trickle In
Oportun shares soared 32.5%.
The company this week announced preliminary results that showed expected revenue ranges of $248 million to $250 million in the first quarter, down from $295.5 million last year and an annualized charge-off rate of about 12%, up from 5.5% last year. The company’s projected 30-day delinquency rate in the first quarter stands at 5.2%...
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