Oportun Financial falls after downbeat annual revenue forecast

Oportun Financial

13/03/2024 17:01

** Shares of fintech company Oportun Financial  OPRT.O  fall
as much as 18.8%, last down 9% at $3.66
    ** After market close on Tuesday, OPRT forecast FY 2024
total revenue between $975 mln and $1 bln, below analysts'
expectation of ~$1.04 bln - LSEG data
    ** OPRT posted bigger-than-expected Q4 adjusted loss of 54
cents/shr vs estimates of 37 cents/shr
    ** Q4 net revenue nearly halved to $72.10 mln compared to
last year
    ** As of last close, stock up 2.8% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))