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BusinessLogr > Finance > ‘Buy now, pay later’ will soon affect your credit score in the UK
Finance

‘Buy now, pay later’ will soon affect your credit score in the UK

André Silva
Last updated: 2022/05/27 at 6:13 PM
André Silva Published May 27, 2022
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Currently, most buy now, pay later services don't impact a person's credit score. That's now set to change in the U.K.

Chegg — Shares tumbled nearly 30% after the textbook company reported weak full-year guidance despite exceeding earnings expectations. In its most recent quarter, Chegg reported earnings of 32 cents per share on revenues of $202 million. Analysts surveyed by Refinitiv were expecting earnings of 24 cents per share on revenues of $201 million.

 

Clorox — Clorox’s stock price dipped about 1.9% after the maker of household products cut its full-year gross margin outlook on inflationary concerns. Clorox otherwise topped earnings expectations after reporting earnings of $1.31 per share on revenues of $1.81 billion. The company was expected to earn 97 cents per share on revenues of $1.79 billion, according to consensus estimates from Refinitiv.

Devon Energy — Shares jumped more than 2% after the company announced a dividend and buyback hike. The oil and gas company reported earnings of $1.88 per share and revenues of $3.8 billion for the quarter ending March. Analysts polled by FactSet were expecting earnings of $1.75 per share on revenues of $4 billion.

Avis Budget Group — The car company’s stock price soared nearly 7% after Avis Budget’s quarterly results surpassed analysts’ expectations. The company benefited from pent-up travel demand that spurred consumers to rent cars even at higher prices. Avis reported earnings of $9.99 per share on revenues of $2.4 billion. Analysts polled by Refinitiv were forecasting earnings of $3.45 per share on revenues of $2.08 billion.

[“source=cnbc”]

 

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André Silva May 27, 2022
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