10 Firms Post Double-Digit Gains on Friday

4. Affirm Holdings Inc. (NASDAQ:AFRM)

Affirm Holdings (AFRM) grew its share prices by 21.81 percent on Friday to close at $75.22 apiece after reporting a strong earnings performance in the second quarter of fiscal year 2025.

In its earnings release, AFRM said it swung to a net income of $80.36 million in three months ending December 2024, from a net loss of $166.9 million registered in the same period a year ago.

Revenues rose by 46 percent to $866 million from $591 million year-on-year.

In a letter to shareholders, AFRM CEO Max Levchin posted a bullish outlook for the company, saying that it was only five months away from its target date of turning AFRM’s operating income positive.

“But it should be apparent to a casual observer that we are nearly there today—mark it zero,” he said.

For the third quarter, however, AFRM projects revenues to settle between $755 million and $785 million.