Yirendai Ltd Earnings Beat, Revenue Misses In Q2

Investing.com - Yirendai Ltd (NYSE:YRD) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Yirendai Ltd announced earnings per share of 0.21 on revenue of 1.02B. Analysts polled by Investing.com anticipated EPS of -0.2 on revenue of 1.49B.

Yirendai Ltd shares are down 6.67% from the beginning of the year , still down 64.79% from its 52 week high of 14.71 set on July 1, 2019. They are under-performing the EUR/USD which is down 0% year to date.

Yirendai Ltd follows other major Technology sector earnings this month

Yirendai Ltd's report follows an earnings beat by Adobe on June 11, who reported EPS of 2.45 on revenue of 3.13B, compared to forecasts EPS of 2.32 on revenue of 3.16B.

Oracle had beat expectations on June 16 with fourth quarter EPS of 1.2 on revenue of 10.44B, compared to forecast for EPS of 1.14 on revenue of 10.61B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar