Qudian Q4 Adj EPADS $0.03 Down From $0.30 YoY, Sales $8.98M Down From $23.21M YoY
Portfolio Pulse from Benzinga Newsdesk
Qudian Inc. (NYSE:QD) reported a significant decrease in both earnings and sales for Q4, with earnings per share down 90% to $0.03 from $0.30 YoY, and sales down 61.29% to $8.98M from $23.21M YoY.
March 18, 2024 | 9:02 am
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Qudian Inc. reported a significant drop in Q4 earnings per share to $0.03 from $0.30 YoY and a decrease in sales to $8.98M from $23.21M YoY.
The significant decrease in both earnings per share and sales for Qudian Inc. in Q4 indicates a substantial negative impact on the company's financial health. This sharp decline is likely to negatively affect investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100