Investing.com - Lexinfintech reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lexinfintech announced earnings per share of 1.91 on revenue of 3.27B. Analysts polled by Investing.com anticipated EPS of 2.02 on revenue of 3,392M.
Lexinfintech shares are up 20.15% from the beginning of the year and are trading at 8.35 , down-from-52-week-high.They are outperforming the Nasdaq which is up 16.54% from the start of the year.
Lexinfintech shares gained 3.73% in pre-market trade the report.
Lexinfintech follows other major Financial sector earnings this month
Lexinfintech's report follows an earnings beat by Berkshire Hathaway A on August 7, who reported EPS of 4404.65 on revenue of 69.16B, compared to forecasts EPS of 3767.72 on revenue of 64.86B.
Mastercard had beat expectations on July 29 with second quarter EPS of 1.95 on revenue of 4.53B, compared to forecast for EPS of 1.74 on revenue of 4.37B.
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