Yirendai Reports Third Quarter 2018 Financial Results
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Yirendai (YRD) Reports Q3 EPS of $0.86, Revenues Miss
November 12, 2018 5:05 PM ESTYirendai (NYSE: YRD) reported Q3 EPS of $0.86, versus $0.52 reported last year. Revenue for the quarter came in at $163.25 million versus the consensus estimate of $213.5 million.
"Despite a challenging industry environment during the quarter, we achieved solid performance," commented Ms. Yihan Fang, Chief Executive Officer of Yirendai. "We have seen continuously strong demand from investors on our platform, with our PICC insured loan products being sold out every day, reinforcing our leadership position. We remain confident about... More
