Jiayin Gr Q1 EPS $0.72 Down From $0.76 YoY, Sales $204.33M Up From $163.40M YoY
Portfolio Pulse from Benzinga Newsdesk
Jiayin Gr (NASDAQ:JFIN) reported Q1 earnings per share (EPS) of $0.72, a 5.26% decrease from $0.76 YoY. However, sales increased by 25.05% to $204.33 million from $163.40 million YoY.
June 06, 2024 | 10:03 am
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NEUTRAL IMPACT
Jiayin Gr reported a mixed Q1 with EPS down 5.26% YoY to $0.72, but sales up 25.05% to $204.33 million. The decrease in EPS might concern investors, but the significant increase in sales could be seen as a positive sign of growth.
The decrease in EPS might concern investors as it indicates lower profitability. However, the significant increase in sales suggests strong revenue growth, which could offset some of the negative sentiment. Overall, the mixed results may lead to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100