Investing.com - Yirendai Ltd (NYSE:YRD) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Yirendai Ltd announced earnings per share of -3.33 on revenue of 1.16B. Analysts polled by Investing.com anticipated EPS of 0.52 on revenue of 1.86B.
Yirendai Ltd shares are up 34.43% from the beginning of the year, still down 33.97% from its 52 week high of 6.80 set on February 18. They are outperforming the EUR/USD which is down 0% from the start of the year.
Yirendai Ltd shares lost 11.44% in intra-day trade following the report.
Yirendai Ltd follows other major Technology sector earnings this month
Yirendai Ltd's report follows an earnings beat by Adobe on March 23, who reported EPS of 3.14 on revenue of 3.91B, compared to forecasts EPS of 2.79 on revenue of 3.75B.
Oracle had beat expectations on March 10 with third quarter EPS of 1.16 on revenue of 10.09B, compared to forecast for EPS of 1.11 on revenue of 10.07B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar