Why SoFi's Earnings Plunge Is a Buying Opportunity

Shares of SoFi (NASDAQ: SOFI) got crushed on Friday, falling by 14% after the company reported second-quarter earnings that included quite a bit of red ink and an outlook that fell below expectations. While the fintech company is facing some modest headwinds in parts of the business, there is a lot of context that investors should acknowledge to better understand SoFi's prospects, particularly as the company becomes more sophisticated as it expands its offerings.

Here's why SoFi's earnings plunge is a buying opportunity in disguise.

Continue reading

Source Fool.com