2022 was a tough year for the stock market. Even though broader market indexes have risen in 2023, plenty of companies are still struggling to get their share prices back to where they were during the bull market in 2021. In particular, smaller companies haven't been as quick to rebound in every case as some of their larger-company counterparts.

However, a pair of stocks gave investors good news in their most recent quarterly financial reports, and those favorable results have both stocks moving sharply higher early Thursday. Below, you'll get a look at the latest financials from Affirm Holdings (NASDAQ: AFRM) and PubMatic (NASDAQ: PUBM), and you'll then understand better why the two stocks are gaining ground.

Shares of Affirm Holdings were up 12% early Thursday. The provider of buy now, pay later (BNPL) purchase financing services reported fiscal first-quarter financial results for the period ended Sept. 30 that showed its ability to deal with the pressures of high interest rates.

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Source Fool.com