OneConnect Financial Tech Q3 Adj EPS $(0.346) Up From $(0.50) YoY, Adj Sales $116.60B Beat $135.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
OneConnect Financial Technology Co., Ltd. (OCFT) reported an improvement in Q3 adjusted EPS to $(0.346) from $(0.50) YoY, and a significant increase in sales to $116.60 billion, surpassing the $135.00 million estimate. This represents an 86.27K percent beat on the sales estimate and a 74.52K percent increase from the previous year's sales.
November 13, 2023 | 9:38 pm
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OneConnect (OCFT) reported a narrower Q3 adjusted EPS loss and a massive increase in sales, significantly beating analyst estimates.
The substantial improvement in both EPS and sales suggests a strong performance by OneConnect, which is likely to be viewed positively by investors. The earnings beat and sales growth could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100