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Why Qfin Stock Is Skyrocketing Today

TheMotleyFool

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Why Qfin Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/871907/gettyimages-1442334668-copy.jpg

Qfin (NASDAQ: QFIN) stock is seeing massive gains in Wednesday's daily trading session. The China-based fintech company's share price was up 25.1% as of 1:50 p.m. ET.

After yesterday's market close, Qfin published its first-quarter results -- and shares are rocketing higher despite some mixed data in the report. While the company's non-GAAP (adjusted) earnings per American depositary share were in line with expectations, sales for the period came in lower than anticipated.

Image source: Getty Images.

Source Fool.com

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