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LX - LexinFintech plans $50M share buyback program
LexinFintech Holdings Ltd.
LexinFintech's (NASDAQ:LX) board authorized a program to buy back up to $50M shares over one year. “This decision demonstrates our confidence in Lexin’s business fundamentals and growth opportunities,” said Chairman and CEO Jay Xiao. The company had also reported its Q4 results, where revenue declined -27.4% Y/Y to RMB2.2B. LX +18.33% premarket to $2.55