LX - Why Shares of LexinFintech Holdings Popped Today
Shares of the Chinese consumer finance company LexinFintech Holdings Ltd-ADR (NASDAQ: LX) had jumped 20% at 10:30 a.m. EST, after the company reported earnings results for the first quarter of this year.
LexinFintech reported earnings per share (EPS) of $0.53 in American depositary shares (ADS), equity shares of a foreign company held by an American bank and available for U.S. investors to purchase. That beat analysts' earnings estimates of $0.28 ADS soundly. Total revenue of roughly $449 million reportedly missed estimates by more than $30 million. Earnings also are up from a loss of $0.58 ADS in the first quarter of 2020.
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Why Shares of LexinFintech Holdings Popped Today