PPDA Group drives up 5.7% after Q1 beat [Seeking Alpha]
PPDAI GROUP INC (PPDF)
Last ppdai group inc earnings: 5/15 05:30 am
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Source: Seeking Alpha
PPDA Group drives up 5.7% after Q1 beat PPDAI Group (NYSE: PPDF jumps 5.7% Q1 results Q1 net profit of RMB 703.1M ($104.8M) rose 61 % from RMB 437.6M in the year-ago quarter. Q1 income per ADS of 34 cents beat the average analyst estimate of 23 cents. Q1 operating revenue of RMB 1.46B ($217.3M) climbed from RMB 955M a year ago; beats the consensus estimate of $180.9M. Q1 loan origination volume of RMB 19.1M increased from RMB12.3M a year ago, and the average loans size of RMB 3,387 increased from RMB 3,066. Conference call Previously: PPDAI Group beats by $0.14, beats on revenue
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