Qifu Technology Q4 Adj Earnings Per ADS $1.01 Beats $0.98 Estimate, Sales $633.18M Beat $592.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Qifu Technology (NASDAQ:QFIN) reported Q4 adjusted earnings per ADS of $1.01, surpassing the $0.98 estimate, marking a 21.69% year-over-year increase. Sales reached $633.18M, exceeding the $592.58M estimate, up 11.79% from the previous year.
March 12, 2024 | 10:07 pm
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POSITIVE IMPACT
Qifu Technology reported a significant beat on both earnings and sales estimates for Q4, indicating strong financial health and growth.
Beating both earnings and sales estimates by notable margins suggests operational efficiency and market strength. This positive performance, especially the year-over-year growth in earnings and sales, is likely to instill investor confidence and could lead to a short-term uptick in QFIN's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100