FinVolution Group: Q2 Earnings Insights

Shares of FinVolution Group FINV rose 1.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 32.26% year over year to $0.21, which beat the estimate of $0.15.

Revenue of $256,254,000 up by 12.60% from the same period last year, which missed the estimate of $306,670,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 25, 2020

Time: 08:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/finv/mediaframe/40217/indexr.html

Recent Stock Performance

Company's 52-week high was at $2.95

Company's 52-week low was at $1.22

Price action over last quarter: Up 75.51%

Company Profile

FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in an emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers.