Yahoo Finance Qifu Technology First Quarter 2024 Earnings: EPS: CN¥7.46 (vs CN¥5.79 in 1Q 2023)
Qifu Technology (NASDAQ:QFIN) First Quarter 2024 Results
Key Financial Results
Revenue: CN¥4.15b (up 15% from 1Q 2023).
Net income: CN¥1.16b (up 25% from 1Q 2023).
Profit margin: 28% (up from 26% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: CN¥7.46 (up from CN¥5.79 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Qifu Technology Earnings Insights
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.
Performance of the American Consumer Finance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Qifu Technology you should know about.
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