05:29 AM EDT, 08/14/2024 (MT Newswires) -- (Updates with the latest stock move in the headline and the first paragraph.)

Qifu Technology ( QFIN ) shares were up more than 7% in recent premarket activity Wednesday after the company reported higher Q2 adjusted earnings and revenue.

The company 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 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: 22.60, Change: +1.49, Percent Change: +7.06