FinVolution Gr Q2 Adj earnings Per ADS $0.28 Down From $0.31 YoY, Sales $424.20M Up From $398.02M YoY
Portfolio Pulse from Benzinga Newsdesk
FinVolution Group (NYSE:FINV) reported Q2 adjusted earnings of $0.28 per ADS, a decrease of 9.68% from $0.31 per ADS in the same period last year. However, the company's sales increased by 6.58% to $424.20 million from $398.02 million YoY.
August 28, 2023 | 10:03 pm
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NEUTRAL IMPACT
FinVolution's Q2 earnings per ADS decreased by 9.68% YoY, while sales increased by 6.58%. This mixed result could lead to uncertain market reactions.
FinVolution's Q2 results show a decrease in earnings per ADS, which could negatively impact investor sentiment. However, the increase in sales could offset this to some extent, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100