3 Important Takeaways From Lexinfintech’s Latest Earnings
LexinFintech Holdings (NASDAQ: LX), a leading fintech company in China, reported a mixed result for its first quarter ended March 31, 2019. Revenue jumped 41% (in constant currency) while earnings plunged to a net loss, owing to the adoption of a new accounting policy and the impact of COVID-19. Here are three major takeaways that investors should note from its earnings report.
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One of the major concerns that investors have about Lexinfintech is how the COVID-19 outbreak will affect its business. Lexinfintech's latest result offers some clues.
Source Fool.com
