Qudian Inc. Reports Second Quarter 2019 Unaudited Financial Results

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Go back to Qudian Inc. Reports Second Quarter 2019 Unaudited Financial Results

Qudian (QD) Tops Q2 EPS by 11c, Revenues Beat

August 16, 2019 7:05 AM EDT

Qudian (NYSE: QD) reported Q2 EPS of $0.59, $0.11 better than the analyst estimate of $0.48. Revenue for the quarter came in at $323.5 million versus the consensus estimate of $278.37 million.

Second Quarter 2019 Financial Highlights:

Total revenues were RMB2,220.7 million (US$323.5 million), flat from the same period last year, primarily due to discontinuation of Dabai AutoLoan facilitation income and other related income increased by 34.8% year-on-year to RMB609.7 million (US$88.8 million) from RMB452.1 million for the same period last yearReferral service fee and other related income which relate to transaction referral services and traffic referral services... More