360 DigiTech Thursday Reported Q1 Adj EPS $0.86, Inline, Sales $524.08M Miss $560.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
360 DigiTech reported Q1 adjusted EPS of $0.86, in line with analyst estimates, but sales of $524.08M missed the $560.57M estimate. This represents a 28.93% decrease in earnings and a 23.10% decrease in sales compared to the same period last year.
May 19, 2023 | 2:37 pm
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360 DigiTech's Q1 earnings met expectations with $0.86 EPS, but sales missed estimates by 6.51% at $524.08M, down 23.10% YoY.
360 DigiTech's Q1 earnings report showed a significant decrease in both earnings and sales compared to the same period last year. While the EPS met analyst expectations, the sales missed estimates by 6.51%. This negative performance is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100