11:24 AM EDT, 03/18/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph, and details of repurchase program and dividend in the last two paragraphs.)
FinVolution ( FINV ) shares rose 17% in recent Tuesday trading after it reported overnight higher Q4 adjusted earnings and net revenue from a year earlier and issued better-than-expected full-year 2025 revenue guidance.
The company posted a Q4 non-GAAP net profit late Monday of 2.74 Chinese renminbi ($0.38) per diluted American depositary share, up from 2.04 renminbi a year earlier.
Revenue for the quarter ended Dec. 31 was 3.46 billion renminbi, up from 3.22 billion renminbi a year earlier.
For 2025, the company said it expects revenue of 14.4 billion renminbi to 15 billion renminbi. Analysts surveyed by FactSet expect 14.26 billion renminbi.
The company's board authorized a new share repurchase program of up to $150 million, including American depositary shares, from March 20, 2025, to March 19, 2027.
The board also increased the company's annual dividend to $0.277 per American depositary share from $0.237. The dividend is payable May 7 to shareholders of record as of April 16.
Price: 10.68, Change: +1.56, Percent Change: +17.11