Lexinfintech reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lexinfintech announced earnings per share of 0.95 on revenue of 2.08B. Analysts polled by anticipated EPS of 2.84 on revenue of 2.38B. That with comparison to EPS of 3.22 on revenue of 1.97B in the same period a year before. Lexinfintech had reported EPS of 2.6 on revenue of 3.15B in the previous quarter. Analysts are expecting EPS of 3.87 and revenue of 2.85B in the upcoming quarter.
Lexinfintech shares are down 71.73% from the beginning of the year , still down 49.56% from its 52 week high of 16.93 set on January 22. They are under-performing the Nasdaq which is up 5.67% year to date.
Lexinfintech follows other major Financial sector earnings this month
Lexinfintech's report follows an earnings missed by PayPal Holdings Inc on May 6, who reported EPS of 0.66 on revenue of 4.62B, compared to forecasts EPS of 0.75 on revenue of 4.74B.
RBC had missed expectations on May 27 with second quarter EPS of 0.72 on revenue of 7.48B, compared to forecast for EPS of 1.22 on revenue of 8.21B.
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