Qudian: Slips on first ever profit miss since IPO
21/05/2018 12:04
** Chinese online micro-lender's shares QD.N down 7.1 pct
premarket at $10.66 after first quarterly profit miss since
October listing, board exits
** Q1 quarterly net falls 32.1 pct as expenses more than
doubles urn:newsml:reuters.com:*:nPn6cl32pa
** Shilei Li, Yi Cao resign as directors, effective
immediately - company
** Stock top decliner premarket across U.S. exchanges, and
if losses hold shares set to fall below 50-day moving average
** Peer PPDAI Group PPDF.N beat Q1 revenue and profit
estimates last week urn:newsml:reuters.com:*:nPn2CScTKa, while Yirendai YRD.N to
report Q1 on May 24 urn:newsml:reuters.com:*:nPn2cgTZKa
** As of Friday's close, Qudian shares had lost 50 pct of
their value since October IPO
(Reporting by Shreyashi Sanyal in Bengaluru)
((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))