LexinFintech (LX) Misses Q1 EPS by 5c, Beats on Revenues
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LexinFintech Holdings Ltd. Reports First Quarter 2018 Unaudited Financial Results
May 21, 2018 5:47 AM EDTSHENZHEN, China, May 21, 2018 /PRNewswire/ -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ: LX), a leading online consumer finance platform for educated young adults in China, today announced its unaudited financial results for the first quarter ended March 31, 2018.
First Quarter 2018 Operational Highlights:
Total loan originations in the first quarter of 2018 reached RMB14.8 billion, representing an increase of 98.3% from RMB7.5 billion in the first quarter of 2017. Total outstanding principal balance of loans reached RMB21.3 billion as of March 31, 2018, representing an increase of 99.3% from... More