SoFi technology
jumped sharply after posting a narrower-than-expected third-quarter loss and revenue that beat forecasts.
SoFi (ticker: SOFI), the finance-technology company, reported third-quarter net revenue of $419 million, up 51% year-over-year and a loss of 9 cents per share. It also reported adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) of $44 million, up 332% from a year earlier.
