Shares of Affirm (AFRM) are trading lower Friday after the company reported second-quarter revenue that jumped 48% but provided full-year guidance that fell short of Wall Street expectations.
Affirm CFO Michael Linford joins Yahoo Finance's Brad Smith to discuss the company's performance as well as the state of the consumer in the current economic environment.
"From our perspective, we've really retooled the business to operate in this [interest] rate environment in a way that's pretty powerful," Linford says. "We were able to serve a lot of consumers last quarter and feel very well-positioned to continue to do that in this environment. The consumer is still out spending, highly engaged, and we think the most important thing to point to there is just really strong employment data, and so while the consumer is fully employed, we feel like they're going to be engaged in the economy, and we're there to support them with financial products."
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