Investing.com - Qudian (NYSE:QD) Inc reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Qudian Inc announced earnings per share of -0.56 on revenue of 201.82M. Analysts polled by Investing.com anticipated EPS of 1.02 on revenue of 292.86M.
Qudian Inc shares are down 23.64% from the beginning of the year, still down 74.04% from its 52 week high of 2.85 set on June 18, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Qudian Inc shares lost 8.71% in intra-day trade following the report.
Qudian Inc follows other major Financial sector earnings this month
Qudian Inc's report follows an earnings beat by RBC on May 26, who reported EPS of 2.96 on revenue of 11.22B, compared to forecasts EPS of 2.67 on revenue of 11.76B.
Mitsubishi UFJ Financial ADR had beat expectations on May 16 with fourth quarter EPS of 0.0392 on revenue of 7.05B, compared to forecast for EPS of 0.0112 on revenue of 7.37B.
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