We recently published 10 Stocks With Unbelievable Gains This Week. Pagaya Technologies Ltd. (NASDAQ:PGY) is one of this week’s biggest players.
Pagaya Technologies jumped by 35.24 percent week-on-week, finishing at $31.12 on Friday versus the $23.01 on July 11, following the preliminary results of its second quarter earnings, suggesting that it exceeded its income target.
In a statement, Pagaya Technologies Ltd. (NASDAQ:PGY) said that it was expecting to announce $17 million in net income during the second quarter of the year, 70 percent higher than the high-end range of its $0-$10 million guidance previously.
Revenues were also expected to hit $326 million, or 5-12 percent higher than the $290 million to $310 million guidance prior.
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Results are currently being finalized, with official data slated for release on August 7, 2025.
“Our second-quarter results reflect continued strong execution across our network, with a focus on consistent and profitable growth,” said Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros.
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Disclosure: None. This article is originally published at Insider Monkey.
