Qudian Inc. Reports First Quarter 2020 Unaudited Financial Results

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Go back to Qudian Inc. Reports First Quarter 2020 Unaudited Financial Results

Qudian (QD) Misses Q1 EPS by 24c, Revenues Miss

May 26, 2020 5:44 AM EDT

Qudian (NYSE: QD) reported Q1 EPS of ($0.50), $0.24 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $135.3 million versus the consensus estimate of $169.87 million.

First Quarter 2020 Financial Highlights:

Total revenues were RMB957.9 million (US$135.3 million), representing a decrease of 54.3% from the same period last yearRecorded net loss of RMB486.5 million (US$68.7 million), or net loss per diluted ADS of RMB1.92 (US$0.27), compared to net income of RMB949.6 million in the same period last yearRecorded Non-GAAP net loss[3] of RMB907.5 million (US$128.2 million), or Non-GAAP... More