Investing.com - PPDAI reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PPDAI announced earnings per share of ¥0.42 on revenue of ¥1.81B. Analysts polled by Investing.com anticipated EPS of ¥1.29 on revenue of ¥2.17B.
PPDAI shares are down 1.13% from the beginning of the year and are trading at ¥2.620 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
PPDAI shares gained 2.34% in intra-day trade following the report.
PPDAI follows other major Technology sector earnings this month
PPDAI's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of ¥2.58 on revenue of ¥59.69B, compared to forecasts EPS of ¥2.05 on revenue of ¥52.29B.
Alphabet C had beat expectations on Thursday, July 30, 2020 with second quarter EPS of ¥10.13 on revenue of ¥38.3B, compared to forecast for EPS of ¥7.95 on revenue of ¥37.33B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar