Why Pagaya Technologies Is Skyrocketing Today
Pagaya Technologies (NASDAQ: PGY) stock is soaring Thursday. The fintech company's share price was up 18.2% as of 2 p.m. ET amid gains of 0.5% for the S&P 500 index and a 0.9% increase for the Nasdaq Composite index. The stock had been up as much as 29.7% earlier in the session.Pagaya published its fourth-quarter results before the market opened this morning, reporting sales that beat expectations and earnings that missed the market's target. Despite the miss on profitability, the company outperformed in other metrics and issued strong guidance for 2025.Pagaya posted non-GAAP (adjusted) earnings per share of $0.17 on revenue of roughly $279.39 million in Q4. For comparison, the average analyst estimate had guided for adjusted earnings per share of $0.32 on sales of $265.14 million.Continue reading
Pagaya Technologies (NASDAQ: PGY) stock is soaring Thursday. The fintech company's share price was up 18.2% as of 2 p.m. ET amid gains of 0.5% for the S&P 500 index and a 0.9% increase for the Nasdaq Composite index. The stock had been up as much as 29.7% earlier in the session.
Pagaya published its fourth-quarter results before the market opened this morning, reporting sales that beat expectations and earnings that missed the market's target. Despite the miss on profitability, the company outperformed in other metrics and issued strong guidance for 2025.
Pagaya posted non-GAAP (adjusted) earnings per share of $0.17 on revenue of roughly $279.39 million in Q4. For comparison, the average analyst estimate had guided for adjusted earnings per share of $0.32 on sales of $265.14 million.
