X Financial ADR Down 21.04% To $3.64 After Earnings

X Financial ADR (XYF) said after close Tuesday that it earned $0.66 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $168 million in revenue

In the same quarter a year ago, the company earned $0.76 per share on revenue of $138.6 million.

The stock is down 21.04% to $3.64 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 X Financial ADR a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 59.

X Financial is a Cayman Islands-based technology-driven personal finance company. Along with its subsidiaries, the firm provides diversified investment opportunities to investors in China through its wealth management platform, Xiaoying Wealth Management. Loan products offered by the company include Xiaoying Card Loan, Xiaoying Preferred Loan, and Xiaoying Housing Loan. The company generates revenue from loan facilitation service, post-origination service, and guarantee services provided.