The company posted adjusted earnings per share of RMB15.06 , beating analyst estimates of RMB14.79, but falling 4% year-over-year. Revenue came in at RMB236.5 billion , up 5% YoY but slightly below the consensus forecast of RMB239.97 billion.
"This quarter we continued to invest in the user experience and strengthen product offerings to serve our consumers," said CEO Eddie Wu."We are more confident in our core businesses than ever and will continue to invest in supporting long-term growth." While revenue growth was modest, investors appeared encouraged by the earnings beat, driving the stock higher in early Friday trading.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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Source: CNBC - 🏆 12. / 72 Read more »