Investing.com - Qudian (NYSE:QD) Inc reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Qudian Inc announced earnings per share of 1.88 on revenue of 613.66M. Analysts polled by Investing.com anticipated EPS of 1.72 on revenue of 1.01B.
Qudian Inc shares are up 51.45% from the beginning of the year, still down 45.29% from its 52 week high of 3.82 set on February 16. They are outperforming the EUR/USD which is down 0% from the start of the year.
Qudian Inc follows other major Financial sector earnings this month
Qudian Inc's report follows an earnings beat by RBC on May 27, who reported EPS of 2.76 on revenue of 11.6B, compared to forecasts EPS of 2.51 on revenue of 11.15B.
Sumitomo Mitsui Financial ADR had missed expectations on May 14 with fourth quarter EPS of 0.1057 on revenue of 6.75B, compared to forecast for EPS of 0.1578 on revenue of 6.34B.
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