- 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.
Showing posts with label QD. Show all posts
Showing posts with label QD. Show all posts
Wednesday, November 21, 2018
Qudian (QD) reported earnings on Wed 21 Nov 2018 (b/o)
Labels:
earnings,
earnings pops,
QD,
type X check
Monday, November 19, 2018
Earnings this week : Nov 19 - 23, 18 (wk 47)
Monday, May 21, 2018
Qudian (QD) reported earnings on Mon 21 May 18 (b/o)
** charts after earnings **
- Adjusted net income to be more than RMB2.5 billion; and
- Number of vehicles leased out to be more than 100 thousand.
Chinese consumer credit firm Qudian Inc (NYSE:QD) announced its first quarter earnings before the bell on Monday, reporting an increase in revenue but a lower number of active borrowers.
The company reported earnings of US$0.15 per share on revenue of US$273.7mln compared with around US$131mln on revenue of US$0.24 EPS in the previous year’s first quarter.
The number of active borrowers decreased to 4.1 million compared with 4.8 million in the first quarter of 2017.
"Our results in the first quarter reflect both the temporary credit downturn in Chinese consumer credit markets following implementation of new regulations late last year as well as our proactive decision to temporarily tighten credit standards and de-risk our book," said CEO Min Luo.
For the year ahead, the consumer finance company expects adjusted net income to reach around US$391.4mln.
The microlender’s auto financing segment, known as Dabai Auto, leased a total of 6,608 in its first quarter. For the full year, the company expects to lease over 100,000 vehicles.
The company’s board lost two of its directors, Shilei Li and Yi Cao, due to personal reasons.
Labels:
earnings,
earnings drops,
QD
Thursday, March 8, 2018
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