By Dean Seal
Qifu Technology’s American depositary shares jumped after the company logged higher earnings and revenue in the third quarter than expected.
The stock was up 11% at $17.13 in early trading. Shares are still down about 16% since the start of the year.
The Chinese provider of credit technology services posted earnings of 96 cents a share, above analyst projections for 89 cents a share, according to FactSet.
Revenue rose to 4.28 billion Chinese yuan, or $586.8 million, from CNY4.14 billion a year ago. Analysts surveyed by FactSet had been expecting $574.5 million.
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