Qifu Technology Third Quarter 2024 Earnings: EPS: CN¥12.41 (vs CN¥7.12 in 3Q 2023)

Qifu Technology (NASDAQ:QFIN) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥4.37b (up 2.1% from 3Q 2023).
• Net income: CN¥1.80b (up 58% from 3Q 2023).
• Profit margin: 41% (up from 27% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: CN¥12.41 (up from CN¥7.12 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Qifu Technology Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are up 16% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Qifu Technology that you need to take into consideration.

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