11:39 AM EDT, 03/13/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)

Qifu Technology ( QFIN ) shares were up over 15% in recent Wednesday trading following its Q4 results in the previous day.

Qifu ( QFIN ) reported Q4 adjusted earnings late Tuesday of 7.14 renminbi ($1.01) per diluted American depositary share, up from 5.70 renminbi a year earlier.

Comparable analyst estimates weren't available.

Revenue for the quarter ended Dec. 31 was 4.50 billion renminbi, up from 3.91 billion renminbi a year earlier. A single analyst polled by Capital IQ expected 4.26 billion renminbi.

The company said its board approved a new repurchase plan for up to $350 million of its American depositary shares or class A ordinary shares over 12 months from April 1. It also declared a dividend for H2 2023 of $0.29 per class A share, or $0.58 per ADS, payable on May 21 and May 24 for holders of class A shares and ADSs, respectively, for holders of record April 15.

Price: 18.85, Change: +2.55, Percent Change: +15.64