Noah Holdings (NOAH) Reports Q2 EPS of $0.70

Noah Holdings (NYSE: NOAH) reported Q2 EPS of $0.70. Revenue for the quarter came in at $105.8 million.

2020 FORECAST:

The Company revises its non-GAAP net income attributable to Noah shareholders for the full year 2020 from the range of RMB800 million to RMB900 million, to the range of RMB900 million to RMB1billion. The revision is based on stronger than expected transaction value and performance income of public securities, improved operation efficiency and optimistic business estimation of the second half of 2020, despite the impact on overseas new insurance transactions from COVID-19 travel bans. This estimate reflects management's current business outlook and is subject to change.

For earnings history and earnings-related data on Noah Holdings (NOAH) click here.

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