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So Far, So Good For SoFi Stock After First-Ever Profit

Online financial services company SoFi Technologies (NASDAQ:SOFI) might be turning a corner. SoFi finally reported actual earnings… and not a loss, news that sent its struggling stock surging Monday.

Shares of SoFi skyrocketed nearly 20% after the company said that it posted a net profit of nearly $48 million, or 2 cents a share, for the fourth quarter. Revenue surged 35% to about $615 million. Wall Street analysts were expecting a loss of 1 cent a share and revenue of about $572 million.

So, is the worst over for SoFi?

This post appeared first on InvestorPlace.