LX - LexinFintech Q3 reflects loan pricing credit performance
LexinFintech (NASDAQ:LX) misses the Q3 earnings average analyst estimate, though the "team has been able to gradually bring down the loan pricing while keeping the take rate at a healthy level," said Chairman and CEO Jay Wenjie Xiao. Shares of LX are up slightly by 0.7% in after-hours trading. Q3 diluted EPS of 22 cents misses the 30 cents consensus estimate, compared with 0.87 RMB (14 cents) in the year-ago quarter. Q3 revenues of $460.8M falls from $506.3M in the second quarter. Q3 online direct sales of $62.1M slightly declines from $63.3M in the prior quarter. Q3 loan facilitation and servicing fees on a performance basis of $107.5M increases from $84.14M in Q2. Platform-based services income of $120.33M also rises from ~$96M in the prior period. Conference call starts at 8:30 p.m. ET. Earlier, LexinFintech EPS misses by $0.08.
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LexinFintech Q3 reflects loan pricing, credit performance