OneConnect Financial Tech: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
OneConnect Financial Tech (NYSE:OCFT) reported Q1 earnings, beating estimated earnings by 17.17% with an EPS of $-0.439 compared to an estimate of $-0.53. However, revenue was down $25.17 million from the same period last year.
May 22, 2023 | 11:10 am
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OneConnect Financial Tech's Q1 earnings beat estimates by 17.17% with an EPS of $-0.439, but revenue was down $25.17 million YoY.
OneConnect Financial Tech's Q1 earnings beat estimates, which could have a positive impact on the stock price. However, the decline in revenue compared to the same period last year may offset the positive sentiment, resulting in a neutral short-term impact on the stock price.
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