Qudian Inc. (NYSE: QD) is slated to report third quarter 2019 earnings results on Monday, November 18, before the market opens. Analysts expect the company to report earnings of $0.52 per share on revenue of $282.2 million. This compares to earnings of $0.34 per share on revenue of $285.2 million.
The fintech firm saw growth in its registered user base and the number of borrowers last quarter. This trend is expected to have continued in the third quarter and is likely to benefit results. Qudian generated healthy profits from its open-platform initiative in the second quarter and the company believes it has the potential to become a significant growth driver going forward.
Qudian has managed to reduce its expenses and the lower costs are likely to help the bottom line numbers. The company is one of the few Chinese firms that have delivered comparatively strong results despite the economic slowdown in China and trade tensions with the US.
Qudian beat market estimates in the second quarter of 2019. Revenues totaled $323.5 million (RMB 2,220.7 million) while adjusted EPS amounted to $0.59 per share (RMB4.05). Revenue results last quarter were impacted by the discontinuation of Dabai Auto.
Total number of registered users grew 12% while new active borrowers from loan book business and transaction referral business increased by 108%.
For the full year of 2019, Qudian expects its adjusted net income to exceed RMB4.5 billion, reflecting an increase of 76.5% from 2018.
Shares of Qudian have gained 78% year-to-date and 17% in the past one month.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard