Investing.com - Lexinfintech reported on Friday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lexinfintech announced earnings per share of 2.54 on revenue of 3.03B. Analysts polled by Investing.com anticipated EPS of 2.79 on revenue of 3.41B.
Lexinfintech shares are up 102.54% from the beginning of the year, still down 12.00% from its 52 week high of 15.42 set on February 19. They are outperforming the Nasdaq which is up 1.77% from the start of the year.
Lexinfintech follows other major Financial sector earnings this month
Lexinfintech's report follows an earnings beat by Magnolia Oil on February 22, who reported EPS of 0.15 on revenue of 149.24M, compared to forecasts EPS of 0.1034 on revenue of 143.33M.
Berkshire Hathaway had missed expectations on February 27 with fourth quarter EPS of 3223.13 on revenue of 64.38B, compared to forecast for EPS of 3422.33 on revenue of 64.72B.
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