Qifu Technology Q2 Adj. Earnings Per ADS $0.96 Beats $0.95 Estimate, Sales $539.80M Beat $443.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Qifu Technology (NASDAQ:QFIN) reported Q2 adjusted earnings of $0.96 per ADS, beating the analyst consensus estimate of $0.95 by 1.05%. The company's quarterly sales were $539.80 million, surpassing the analyst consensus estimate of $443.32 million by 21.76%. However, this represents a 13.57% decrease from the same period last year.
August 21, 2023 | 10:05 pm
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Qifu Technology's Q2 earnings and sales beat estimates, but sales are down compared to the same period last year.
While Qifu Technology beat earnings and sales estimates, the decrease in sales compared to the same period last year could potentially offset the positive impact of the earnings beat. This mixed result makes the short-term impact on the stock price uncertain.
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