By Will Feuer
SoFi Technologies raised its full-year outlook for revenue and adjusted earnings, saying it expects to post a profit for the fourth quarter.
The online-banking company is now targeting $2.045 billion to $2.065 billion in revenue for the year, up from $1.974 billion to $2.034 billion.
SoFi said it expects adjusted earnings, before interest, taxes, depreciation and amortization, to be $386 million to $396 million, up from prior guidance of $333 million to $343 million.
Chief Executive Anthony Noto, citing the company’s third-quarter performance, said SoFi expects to achieve positive non-adjusted profit in the current quarter. Analysts surveyed by FactSet expected a fourth-quarter loss of a penny a share.
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