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Lexinfintech: 1Q Earnings Snapshot

SHENZHEN, China (AP) _ Lexinfintech Holdings Ltd (LX) on Friday reported first-quarter net income of $86.9 million.

The Shenzhen, China-based company said it had profit of 48 cents per share. Earnings, adjusted for stock option expense, were 51 cents per share.

The online consumer finance company posted revenue of $293.5 million in the period.

Lexinfintech shares have climbed 89% since the beginning of the year. The stock has dropped 19% in the last 12 months.

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