Qudian (QD) reported earnings on Wed 21 Nov 2018 (b/o)

** charts before earnings **

** charts after earnings **

 

Qudian beats by $0.03, misses on revs

• Reports Q3 (Sep) earnings of $0.32 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.29; revenues rose 32.9% year/year to RMB 1.93 bln vs the RMB 2.41 bln S&P Capital IQ Consensus.
• The Company expects that its total non-GAAP net income for the full year of 2018 will be greater than RMB2.5 billion after excluding non-recurring costs and charges.
• Board approves extension of the current $300 million repurchase program for another year.