OneConnect Financial Tech: Q1 Earnings Insights


OneConnect Financial Tech OCFT reported its Q1 earnings results on Monday, May 22, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.


OneConnect Financial Tech beat estimated earnings by 17.17%, reporting an EPS of $-0.439 versus an estimate of $-0.53.

Revenue was down $25.17 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.05 which was followed by a 0.5% increase in the share price the next day.

Here's a look at OneConnect Financial Tech's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.62 -0.8 -0.8 -1.1
EPS Actual -0.67 -0.5 -1 -1.4
Revenue Estimate 162.90M 170.18M 162.94M 138.45M
Revenue Actual 174.65M 156.25M 171.76M 160.50M

To track all earnings releases for OneConnect Financial Tech visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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