Market Overview

Recap: LexinFintech Holdings Q3 Earnings

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Shares of LexinFintech Holdings (NASDAQ:LX) moved higher by 4.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 40.74% year over year to $0.32, which beat the estimate of $0.27.

Revenue of $464,539,000 rose by 4.15% from the same period last year, which missed the estimate of $473,450,000.

Guidance

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: Nov 24, 2020

Time: 06:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/947te8yn

Recent Stock Performance

52-week high: $16.93

Company's 52-week low was at $6.04

Price action over last quarter: Up 10.29%

Company Profile

LexinFintech Holdings Ltd is an online consumer finance platform. The group is engaged primarily in online direct sales services and online consumer finance services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.

 

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Posted-In: Earnings News