Qifu Technology Announces Third Quarter 2024 Unaudited Financial Results and Launches A New US$450 Million Share Repurchase Plan for 2025
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Qifu Technology announced its unaudited financial results for Q3 2024 and a new $450 million share repurchase plan for 2025.
November 19, 2024 | 10:15 pm
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Qifu Technology reported its Q3 2024 unaudited financial results and announced a $450 million share repurchase plan for 2025, indicating confidence in its financial health and potential for stock price support.
The announcement of a $450 million share repurchase plan suggests that Qifu Technology is confident in its financial stability and believes its stock is undervalued. This action is likely to support the stock price in the short term as it reduces the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100