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.

360 Finance Q1 2020 Earnings Infographic

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

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top