Happen raises full-year GAAP EPS guidance to $1.80-$1.90, exceeding $1.75 consensus after strong Q2 loan originations.
Happen (HAPN) reported Q2 earnings that surpassed analyst expectations, driven by higher-than-anticipated loan originations. The company’s after-hours stock climbed 3.9% following the release.
Happen now projects full-year GAAP earnings per share of $1.80-$1.90, with a midpoint of $1.85, above the $1.75 consensus estimate. The updated guidance reflects continued momentum in its lending business.
Shares reacted positively to the results, extending gains in after-hours trading as investors digested the earnings beat and raised outlook.