Why Qiwi Stock Is Falling Today [The Motley Fool]
QIWI plc - American Depositary Shares (QIWI)
Last qiwi plc - american depositary shares earnings: 3/24 07:15 am
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Source: The Motley Fool
Sales surged, but earnings declined. That's not the way these things are supposed to work. Rich Smith ( TMFDitty ) Aug 16, 2018 at 1:51PM What happened Shares of Qiwi ( NASDAQ:QIWI ) are falling today, down 13.6% as of 1:39 p.m. EDT, after the Russian payments specialist reported second-quarter results. So what Q2 revenue surged 46% year over year to 7 billion rubles. Operating profits declined 2%, and net income was down 13% to 940 million rubles (a 13.4% net profit margin). Still, in dollar terms, Qiwi earned $0.24 per share, bringing its profit for the first half of this year to $0.48. Profits are down, but not out, and despite the negative reaction on Wall Street, CEO Sergey Solonin pronounced himself pleased with the company's strong financial results in the payment services segment, which remains a core part of our business, and with th
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