360 Finance Announces Third Quarter 2019 Unaudited Financial Results
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360 Finance, Inc. (QFIN) Misses Q3 EPS by 26c
November 27, 2019 6:29 AM EST360 Finance, Inc. (NASDAQ: QFIN) reported Q3 EPS of $0.34, $0.26 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $361.4 million versus the consensus estimate of $274.67 million.
Third Quarter Operational Highlights
Loan origination volume*1 was RMB55,965 million, an increase of 108% from RMB26,925 million in the same period of 2018, and an increase of 16% from RMB48,378 million in the second quarter of 2019.Outstanding loan balance*2 was RMB70,568 million as of September 30, 2019, an increase of 106% from RMB34,338 million as of September 30, 2018, and an increase of 15% from RMB61,289 million as of June 30, 2019.The weighted... More