Qudian Q3 Adj EPADS $(0.11) Up From $(0.37) YoY, Sales $4.06M Down From $15.49M YoY
Portfolio Pulse from Benzinga Newsdesk
Qudian Inc. (NYSE:QD) reported an improvement in its Q3 adjusted earnings per share (EPS) to $(0.11), up from $(0.37) in the same quarter last year. However, the company's sales saw a significant decline to $4.06 million, a 73.80% decrease from $15.49 million reported in the same period the previous year.
December 11, 2023 | 10:04 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Qudian Inc. (QD) experienced a reduction in losses per share but a substantial decrease in sales compared to the same quarter last year.
While the improvement in EPS may be viewed positively, the drastic reduction in sales is likely to concern investors, potentially leading to a negative short-term impact on QD's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100