Investing.com - Yirendai Ltd (NYSE:YRD) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Yirendai Ltd announced earnings per share of 1.07 on revenue of 1.1B. Analysts polled by Investing.com anticipated EPS of 2.49 on revenue of 1.56B.
Yirendai Ltd shares are up 23.05% from the beginning of the year, still down 39.56% 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 follows other major Technology sector earnings this month
Yirendai Ltd's report follows an earnings beat by NVIDIA on May 26, who reported EPS of 3.66 on revenue of 5.66B, compared to forecasts EPS of 3.29 on revenue of 5.4B.
Cisco had beat expectations on May 19 with third quarter EPS of 0.83 on revenue of 12.8B, compared to forecast for EPS of 0.8219 on revenue of 12.57B.
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