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Qifu Technology Q2 Adjusted Earnings, Revenue Increase; Chairman Hongyi Zhou Resigns
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Qifu Technology Q2 Adjusted Earnings, Revenue Increase; Chairman Hongyi Zhou Resigns
Aug 14, 2024 1:45 AM

04:29 AM EDT, 08/14/2024 (MT Newswires) -- Qifu Technology ( QFIN ) reported Q2 adjusted earnings late Tuesday of 9.16 renminbi ($1.26) per diluted American depositary share, up from 6.95 renminbi a year earlier.

Comparable analyst estimates were not available.

Revenue for the quarter ended June 30 was 4.16 billion renminbi, up from 3.91 billion renminbi a year earlier.

One analyst surveyed by Capital IQ expected 4.14 billion renminbi.

The company said it expects Q3 adjusted earnings of between 1.55 billion renminbi and 1.65 billion renminbi.

Qifu ( QFIN ) also said Hongyi Zhou has resigned as a director and chairman of its board for personal reasons.

The board has appointed Fan Zhao as its chairman. Zhao has served as an independent director since January 2023.

Price: 21.40, Change: +0.29, Percent Change: +1.37

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