Investing.com - Lexinfintech reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lexinfintech announced earnings per share of 1.91 on revenue of 3.27B. Analysts polled by Investing.com anticipated EPS of 2.02 on revenue of 3,392M.
Lexinfintech shares are up 20.15% from the beginning of the year, still down 47.80% from its 52 week high of 15.42 set on February 19. They are outperforming the Nasdaq which is up 16.54% from the start of the year.
Lexinfintech shares gained 3.73% in pre-market trade following the report.
Lexinfintech follows other major Financial sector earnings this month
Lexinfintech's report follows an earnings beat by Berkshire Hathaway A on August 7, who reported EPS of 4404.65 on revenue of 69.16B, compared to forecasts EPS of 3767.72 on revenue of 64.86B.
Mastercard had beat expectations on July 29 with second quarter EPS of 1.95 on revenue of 4.53B, compared to forecast for EPS of 1.74 on revenue of 4.37B.
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