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OppFi Shares Drop After Q2 Adjusted Earnings Fall

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OppFi (OPFI) shares fell 25% in Tuesday trading after the company reported Q2 adjusted earnings late Monday of $0.33 per diluted share, down from $0.45 a year earlier.

Four analysts polled by FactSet expected $0.45.

Revenue for the quarter ended June 30 was $145.2 million, up from $142.4 million a year earlier.

Four analysts surveyed by FactSet expected $155.9 million.

The company also trimmed its full-year guidance and now expects adjusted EPS of $1.34 to $1.51 on revenue of $600 million to $625 million. Earlier the company expected adjusted EPS of $1.76 to $1.84 on revenue of $650 million to $675 million.

Four analysts surveyed by FactSet expect $1.51 on revenue of $624.8 million.

Price: $6.56, Change: $-2.22, Percent Change: -25.26%

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