PPDAI: 4Q Earnings Snapshot

PPDAI: 4Q Earnings Snapshot

Associated Press
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SHANGHAI (AP) _ PPDAI Group Inc. (PPDF) on Thursday reported net income of $112.6 million in its fourth quarter.

The Shanghai-based company said it had profit of 36 cents per share.

The online consumer finance marketplace provider posted revenue of $176 million in the period.

For the year, the company reported net income of $359.1 million, or $1.12 per share, swinging to a profit in the period. Revenue was reported as $632.8 million.

The company's shares closed at $4.96. A year ago, they were trading at $7.95.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PPDF at https://www.zacks.com/ap/PPDF

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