SoFi Technologies reported quarterly earnings and revenue above analysts’ estimates, with CEO Anthony Noto deeming 2024 the fintech’s “best year ever.”However, shares tumbled 9.8% to $16.16 in trading Monday as financial guidance from the company seemed to overshadow its quarterly results.

Key Takeaways SoFi Technologies pointed to "macro assumptions" in giving weaker-than-expected quarterly and full-year guidance.The outlook offset fourth-quarter profit and sales that exceeded estimates.

Monday, as investors focused more on the financial-technology company’s downbeat outlook for profitability than on an upbeat revenue outlook and strong results for the latest quarter. For the current first quarter,

Fintech leader SoFi (NASDAQ: SOFI) plunged on Monday morning, despite reporting better-than-expected earnings for the fourth quarter. As of 10 a.m. ET, SoFi's stock was down by about 10% for the day in volatile trading.