This post was originally published on this site
Following an extension of the federal student loan moratorium, SoFi Technologies Inc. trimmed its outlook for the full fiscal year Wednesday, with executives now assuming the moratorium will last at least through the rest of the year.
SoFi executives now expect to record $1.47 billion in adjusted net revenue for the year, along with adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $100 million. SoFi’s SOFI prior forecast called for $1.57 billion in adjusted net revenue and $180 million…
