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

NFLX Earnings: Netflix Q1 2025 revenue and profit beat estimates

Netflix, Inc. (NASDAQ: NFLX) on Thursday reported stronger-than-expected revenue and earnings for the first quarter of 2025, as its subscriber base continued to expand. Both revenue and the bottom line

Another tough quarter in the cards as Intel prepares for Q1 2025 earnings

Intel Corporation (NASDAQ: INTC) has been facing intense competition from rivals Nvidia in AI chips and AMD in CPUs, lately. The Semiconductor giant issued weak guidance after reporting lower revenues

What to expect when American Airlines (AAL) reports Q1 2025 earnings results

Shares of American Airlines Group (NASDAQ: AAL) stayed red on Thursday. The stock has dropped 48% over the past three months. The airline is slated to report its earnings results

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