LexinFintech Holdings Q1 EPS $0.19 Down From $0.29 YoY, Sales $449.00M Up From $434.34M YoY
Portfolio Pulse from Benzinga Newsdesk
LexinFintech Holdings (NASDAQ:LX) reported Q1 earnings per share (EPS) of $0.19, a 34.48% decrease from $0.29 YoY. Sales increased by 3.38% to $449.00 million from $434.34 million YoY.
May 24, 2024 | 6:40 am
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LexinFintech Holdings reported a significant decrease in Q1 EPS by 34.48% YoY to $0.19, despite a 3.38% increase in sales to $449.00 million. This mixed performance may lead to short-term volatility in the stock price.
The significant drop in EPS indicates lower profitability, which is a negative signal for investors. Although sales increased, the decline in earnings is likely to weigh more heavily on investor sentiment, leading to potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100