SoFi Technologies reported quarterly earnings and revenue above analysts’ estimates, with CEO Anthony Noto deeming 2024 the fintech’s “best year ever.”However, shares tumbled 9.8% to $16.16 in trading Monday as financial guidance from the company seemed to overshadow its quarterly results.

SoFi Technologies Inc. provided mixed first-quarter guidance, with profitability expected to be below Wall Street forecasts but revenue above — and that’s sending the stock sinking more than 9% in early Monday trading.

SoFi Technologies pointed to "macro assumptions" in giving weaker-than-expected quarterly and full-year guidance.

I favor the bullish case — although in my view the market will only react positively if SoFi exceeds investor expectations and raises its guidance when the company

Fintech leader SoFi (NASDAQ: SOFI) plunged on Monday morning, despite reporting better-than-expected earnings for the fourth quarter. As of 10 a.m. ET, SoFi's stock was down by about 10% for the day in volatile trading.

SoFi posted adjusted earnings per share of 5 cents, beating Wall Street’s call for 4 cents, according to FactSet. Adjusted net revenue of $739 million wa