Jianpu Technology Inc. American depositary shares Up 2.5% To $1.02 After Earnings

Tuesday, May 30, 2023 - Jianpu Technology Inc. American depositary shares (JT) reported downside earnings and upside revenues.

Jianpu Technology Inc. American depositary shares reported EPS loss of $0.13 per share. Profits rose 66% year-over-year after reporting an EPS loss of $0.38 per share in its year-ago quarter. The positive growth rate signals that the Financial Services company is performing well amid recent economic conditions.

Revenues were upbeat at $42.1 million. That revenue figure is an increase of 28.70% from the year ago quarter.

The stock is up 2.5% to $1.02 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Trading in the five days leading up to the report earned Jianpu Technology Inc. American depositary shares a Bearish Sentiment Rank from InvestorsObserver.

Jianpu Technology Inc. American depositary shares has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 9, putting Jianpu Technology Inc. American depositary shares in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $0.91 on May 26, 2023 and set a 52-week high on September 12, 2022 at $2.22.

Jianpu Technology Inc is an independent open platform for providing online discovery and recommendation services for financial products in China. The company provides users with personalized search results and recommendations services such as loan applications, credit card services, and advertising and marketing services to its financial needs and credit profile. The individual users have access to financial products through the platform, including credit cards, and wealth management products. In addition, it also offers data risk management solutions to financial service providers which help in application approval, fraud detection and prevention and other credit underwriting processes. The company generates revenues from fees charged for services for loan products.