Investing.com - Qudian Inc reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Qudian Inc announced earnings per share of 0.68 on revenue of 1.13B. Analysts polled by Investing.com anticipated EPS of -1.49 on revenue of 728.85M.
Qudian Inc shares are down 67.09% from the beginning of the year and are trading at 1.55 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Qudian Inc shares gained 1.31% in intra-day trade after the report.
Qudian Inc follows other major Technology sector earnings this month
Qudian Inc's report follows an earnings beat by NVIDIA on Wednesday, August 19, 2020, who reported EPS of 2.18 on revenue of 3.87B, compared to forecasts EPS of 1.97 on revenue of 3.65B.
Salesforce.com had beat expectations on Tuesday, August 25, 2020 with second quarter EPS of 1.44 on revenue of 5.15B, compared to forecast for EPS of 0.67 on revenue of 4.9B.
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