Investing.com - Lexinfintech reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Lexinfintech announced earnings per share of 0.87 on revenue of 3.15B. Analysts polled by Investing.com anticipated EPS of 2.79 on revenue of 2.69B.
Lexinfintech shares are down 40.24% from the beginning of the year, still down 50.97% from its 52 week high of 16.93 set on January 22. They are under-performing the Nasdaq which is up 32.41% from the start of the year.
Lexinfintech follows other major Financial sector earnings this month
Lexinfintech's report follows an earnings missed by Berkshire Hathaway on November 6, who reported EPS of 3447.19 on revenue of 61.57B, compared to forecasts EPS of 3613.77 on revenue of 61.49B.
Mastercard had missed expectations on October 28 with third quarter EPS of 1.6 on revenue of 3.84B, compared to forecast for EPS of 1.65 on revenue of 3.95B.
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