Needham & Company Raises Price Target on Yirendai (YRD) to $38 Following 3Q
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Yirendai Reports Third Quarter 2016 Financial Results
November 15, 2016 5:00 PM ESTBEIJING, Nov. 15, 2016 /PRNewswire/ -- Yirendai Ltd. (NYSE: YRD) ("Yirendai" or the "Company"), a leading online consumer finance marketplace in China, today announced its unaudited financial results for the quarter ended September 30, 2016.
Starting from the second quarter of 2016, the Company changed its reporting currency from the U.S. dollar ("US$") to the Renminbi ("RMB"), to reduce the impact of increased volatility of the RMB to US$ exchange rate on the Company's reported operating results. The aligning of the reporting currency with the underlying operations will better depict the Company's results of... More
