FTAC Athena Acquisition Corp
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Company profile

FTAC Athena Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has not commenced any business operations. The Company has not generated any revenue.

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SoFi stock surges after earnings beat as company lifts forecast

7:12 am ET November 1, 2022 (MarketWatch)

SoFi Technologies Inc. shares were surging in premarket action Tuesday after the financial-services company topped expectations with its latest results and boosted its full-year forecast. The company generated a third-quarter comprehensive loss of $75.8 million, or 9 cents a share, compared with $30.0 million, or 5 cents a share, in the year-earlier period. Analysts were modeling a 10-cent loss per share, based on four estimates. SoFi also logged adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $44.3 million, up sharply from $10.3 million a year prior, while the FactSet consensus was for $29.1 million on the non-GAAP metric. Revenue rose to $424.0 million from $272.0 million, while analysts had been looking for $399.2 million, based on a sampling of three estimates. For the full year, SoFi expects $115 million to $120 million in adjusted Ebitda, whereas its prior outlook was for $104 million to $109 million. "This marks the third quarter of a positive revision to full-year 2022 financial guidance despite extensions of the student loan moratorium throughout the year," SoFi executives said in a release. SoFi's stock has lost nearly two thirds of its value so far in 2022 as the S&P 500 has dropped 19%.

-Emily Bary


(END) Dow Jones Newswires

November 01, 2022 07:12 ET (11:12 GMT)

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