Investing.com - Lexinfintech reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lexinfintech announced earnings per share of 1.74 on revenue of 2.94B. Analysts polled by Investing.com anticipated EPS of 1.97 on revenue of 3.06B.
Lexinfintech shares are up 17.14% from the beginning of the year and are trading at 11.42 , down-from-52-week-high.They are outperforming the S&P/TSX which is up 14.31% from the start of the year.
Lexinfintech shares gained 24.95% in intra-day trade the report.
Lexinfintech follows other major Financial sector earnings this month
Lexinfintech's report follows an earnings beat by PayPal Holdings Inc on Wednesday, May 5, 2021, who reported EPS of 1.22 on revenue of 6.03B, compared to forecasts EPS of 1.01 on revenue of 5.91B.
RBC had beat expectations on Thursday with second quarter EPS of 2.76 on revenue of 11.6B, compared to forecast for EPS of 2.51 on revenue of 11.15B.
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