X Financial: Rises on fourth-quarter profit beat

X Financial

19/03/2019 16:11

** Shares of U.S.-listed Chinese personal financial services
provider X Financial  XYF.N  jump 5.2 pct to $6.5 in noon
trading after Q4 results 
    ** Bottom line above estimates, helped by higher loan
facilitation service fees (https://bit.ly/2FovITK)
    ** Posts adj. EPS at 25 cents vs. analysts' estimates of 23
cents 
    ** Co's second profit beat in the two qtrs since its Sept.
2018 U.S. IPO
    ** Including the day's gains, stock down ~46 pct since its
IPO, vs. larger peer Qudian Inc's  QD.N  62 pct fall in the past
year

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400; Reuters Messaging:
Bharath.ManjeshR.thomsonreuters.com@reuters.net))