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flag Figure Tech shares surge 24% on strong earnings and revenue beat, with loan volume up 70% year-over-year.

flag Figure Technology shares jumped 24% to $42.76 on Friday after reporting third-quarter earnings of 34 cents per share, far exceeding the 15-cent estimate, and $156.4 million in revenue, surpassing the $119.4 million forecast. flag The company saw a 70% year-over-year increase in consumer loan volume, reaching $2.5 billion, with its Figure Connect platform driving $1.1 billion in transaction volume. flag New product lines contributed over $80 million in volume, and net income surged 227% year-over-year to $90 million.

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