Yiren Digital Ltd Expects Q2 Revenue of RMB1.4B-RMB1.6B Vs $182.62M Est
Portfolio Pulse from Benzinga Newsdesk
Yiren Digital Ltd (YRD) expects Q2 2024 revenue to be between RMB1.4 billion and RMB1.6 billion, surpassing the estimated $182.62 million. The company also anticipates a healthy net profit margin.
June 21, 2024 | 9:19 am
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Yiren Digital Ltd (YRD) projects Q2 2024 revenue to be between RMB1.4 billion and RMB1.6 billion, exceeding the estimated $182.62 million. The company also expects a healthy net profit margin.
The projected revenue range for Q2 2024 significantly exceeds market estimates, indicating strong business performance. This positive outlook, coupled with a healthy net profit margin, is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100