Yiren Digital: Drops on dismal Q1 results

Yiren Digital

24/06/2020 12:46

** Shares of Chinese fintech firm  YRD.N  slip ~15% to $4.4
premarket
    ** Q1 profit, revenue fall short of analysts' estimates
 urn:newsml:reuters.com:*:nPn6fS3kxa
    ** Results hit by weakness in all segments; revenue from
loan facilitation services slumps ~66% 
    ** Stock among worst performers across U.S. exchanges
    ** Up to Tuesday's close, stock down ~7% this year

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))