SoFi's Profits Hit a Record, But Its Stock Fell Anyway. Here's Why.

SoFi earned record revenue of $1.2 billion last quarter — up 40% from a year ago — and $157 million in profit. Still, its stock dropped 5.86% to $15.76 on July 29. The reason: SoFi kept its full-year profit forecast at 60 cents per share instead of raising it. Investors had hoped for more.