Qudian Inc. Reports Third Quarter 2019 Unaudited Financial Results

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

Qudian (QD) Misses Q3 EPS by 5c, Revenues Beat

November 18, 2019 5:50 AM EST

Qudian (NYSE: QD) reported Q3 EPS of $0.47, $0.05 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $362.5 million versus the consensus estimate of $282.22 million.

Third Quarter 2019 Financial Highlights:

Total revenues were RMB2,590.9 million (US$362.5 million), increased by 34.3% from same period last year, primarily due to the ramp up of the open-platform initiativeLoan facilitation income and other related income increased by 72.6% year-on-year to RMB583.3 million (US$81.6 million) from RMB337.9 million for the same period last yearTransaction services fee and other related income which relate to transaction services and traffic... More