LexinFintech (LX) reported earnings on Thu 23 Aug 18 (b/o)

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China.

• Sector: Financial Services
• Industry: Credit Services
• Full Time Employees: 2,518
• Founded in 2013
• Headquartered in Shenzhen, China
• http://www.fenqile.com

** charts after earnings **

LexinFintech Holdings (NASDAQ:LX) jumps 13% in premarket trading after the Chinese online consumer finance company posts Q2 total operating revenue of $269.5M, beating consensus by $17.1M.

Q2 total loan originations RMB 16.6B, up 68% from a year ago.

Q2 non-GAAP EBIT RMB 353.4M ($53.4M) vs. RMB 210.8M in Q1 and RMB 79.8M a year ago.

Q2 adjusted net income RMB 502.3M ($75.9M) vs. RMB 173.7M in Q1 and RMB 57.3M a year ago.

Sees FY2018 total loan origination of RMB 65B-RMB 75B, compared with RMB 80B guidance given on May 21. The Chinese government's recent actions to reduce financial risks have tightened liquidity in the P2P market, which has led to smaller players’ exiting from the industry, the company says.

Earnings this week : Aug 20 - 24, 18 (wk 34)

Earnings confirmed to report this week:

Monday (August 20)

• Morning:  EL, IX, AU,  CMCM, HMI, SIEB, NESR, FENC
• Afternoon: NDSN LTM FANH FN TEDU ARL CMLS, EIGR  

Tuesday (Aug 21)

• Morning:  COTY  DAKT JILL KSS  MDT PINC SJM TJX TOL
• Afternoon:   BBL GSM KEYS JKHY PSTG SE MYGN LZB  RRGB URBN

Wednesday (Aug 22)

• Morning:  ADI BITA BNED FRO LOW MOMO PLAB RY SFL TGT UXIN 
• Afternoon:  BRY   BSBR HTHT LB SMRT SNPS SQM WSM QADA  ZAYO

Thursday (Aug 23)

• Morning:  BABA VMW INTU CM HPQ LX HRL  CTRN FLWS FLY HMLP  LANC  PLCE  SAFM SPWH TTC
• Afternoon:  ADSK GLOB GPS HPQ INTU OSIS ROST  SPLK VEEV VMW

Friday (Aug 24)

• Morning:  BKE FL HIBB UBNT