Affirm Holdings (NASDAQ: AFRM) stock is skyrocketing in Thursday's trading. The buy now, pay later specialist's share price was up 33.9% as of 11 a.m. ET, according to data from S&P Global Market Intelligence.

After the market closed yesterday, Affirm published results for the fourth quarter of its last fiscal year (which ended June 30). The company delivered sales and earnings for fiscal Q4 that beat Wall Street's targets, and the company paired the impressive results with guidance that crushed the market's expectations.

Affirm recorded a loss of $0.14 per share on revenue of $659.18 million. Meanwhile, the average analyst estimate had called for a per-share loss of $0.44 on revenue of $653.8 million. Revenue was up 47.9% year over year in the period, and the company's loss came in far lower than Wall Street had been anticipating.

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Source Fool.com