Investing.com - Lexinfintech reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lexinfintech announced earnings per share of 1.74 on revenue of 2.94B. Analysts polled by Investing.com anticipated EPS of 1.97 on revenue of 3.06B.
Lexinfintech shares are up 17.14% from the beginning of the year, still down 25.94% from its 52 week high of 15.42 set on February 19. They are outperforming the S&P/TSX which is up 14.31% from the start of the year.
Lexinfintech shares gained 24.95% in intra-day trade following the report.
Lexinfintech follows other major Financial sector earnings this month
Lexinfintech's report follows an earnings beat by PayPal Holdings Inc on May 5, who reported EPS of 1.22 on revenue of 6.03B, compared to forecasts EPS of 1.01 on revenue of 5.91B.
RBC had beat expectations on Thursday with second quarter EPS of 2.76 on revenue of 11.6B, compared to forecast for EPS of 2.51 on revenue of 11.15B.
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