Investing.com - PPDAI reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PPDAI announced earnings per share of ¥0.42 on revenue of ¥1.81B. Analysts polled by Investing.com anticipated EPS of ¥1.29 on revenue of ¥2.17B.
PPDAI shares are down 1.13% from the beginning of the year and are trading at ¥2.620 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
PPDAI shares gained 2.34% in intra-day trade the report.
PPDAI follows other major Technology sector earnings this month
PPDAI's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of ¥2.58 on revenue of ¥59.69B, compared to forecasts EPS of ¥2.05 on revenue of ¥52.29B.
Alphabet C had beat expectations on Thursday, July 30, 2020 with second quarter EPS of ¥10.13 on revenue of ¥38.3B, compared to forecast for EPS of ¥7.95 on revenue of ¥37.33B.
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