LexinFintech Holdings Q2 EPS $0.21 Down From $0.28 YoY, Sales $500.98M Up From $421.42M YoY
Portfolio Pulse from Benzinga Newsdesk
LexinFintech Holdings reported a decrease in Q2 EPS to $0.21 from $0.28 YoY, despite a sales increase to $500.98M from $421.42M YoY.
August 28, 2024 | 7:07 am
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LexinFintech Holdings reported a 25% decrease in Q2 EPS to $0.21, while sales increased by 18.88% to $500.98M. The decline in EPS despite higher sales may concern investors.
The decrease in EPS suggests profitability issues, which could negatively impact investor sentiment, despite the positive sales growth. This mixed performance may lead to short-term stock price pressure.
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