Categories AlphaGraphs, Earnings, Finance
Infographic: Highlights of 360 Finance (QFIN) Q1 2020 Earnings Report
China-based consumer finance company 360 Finance, Inc. (NASDAQ: QFIN) reported a decline in first-quarter earnings, despite a sharp increase in revenues. The company’s stock gained early Thursday following the announcement.
Earnings, on an adjusted basis, dropped to RMB 254.5 million (US$35.9 million) from RMB 788.8 million in the first quarter of 2019. Reported net income was RMB 183.2 million (US$25.9 million) or RMB 0.61 per share (US$0.09 per share), compared to RMB 719.9 million or RMB 2.40 per share last year.
Revenues, meanwhile, jumped 58.4% annually to RMB 3.18 billion (US$449.5 million) in the first quarter from RMB 2.0 billion in the corresponding period of last year.
Soon after the earnings announcement, shares of 360 Finance rose sharply in Thursday’s pre-market trading at the Nasdaq stock exchange, after closing the previous session higher.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
