QFIN - 360 DigiTech GAAP EPS of $0.41 misses by $0.48 revenue of $524.1M misses by $39.46M

2023-05-19 01:52:53 ET

• 360 DigiTech press release ( NASDAQ: QFIN ): Q1 GAAP EPS of $0.41 misses by $0.48 .
• Revenue of $524.1M (-23.1% Y/Y) misses by $39.46M .
• Income from operations was RMB1,007.0 million (US$146.6 million), compared to RMB1,359.3 million in the same period of 2022.
• Non-GAAP ^{* 1 0} income from operations was RMB1,053.5 million (US$153.4 million), compared to RMB1,411.3 million in the same period of 2022.
• Operating margin was 28.0%. Non-GAAP operating margin was 29.3%.
• Net income was RMB929.8 million (US$135.4 million), compared to RMB1,174.4 million in the same period of 2022.
• Non-GAAP net income was RMB976.3 million (US$142.2 million), compared to RMB1,226.4 million in the same period of 2022.
• Net income attributed to the Company was RMB934.1 million (US$136.0 million), compared to RMB1,179.5 million in the same period of 2022.
• Net income margin was 25.8%. Non-GAAP net income margin was 27.1%.

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