Qfin (QFIN) reported Q1 non-GAAP net income late Tuesday of 7.70 Chinese renminbi ($1.12) per diluted American depositary share, down from 13.53 renminbi a year earlier.
Total net revenue for the quarter ended March 31 was 3.91 billion renminbi, down from 4.69 billion renminbi a year earlier.
Three analysts surveyed by FactSet expected 3.27 billion renminbi.
Shares of the company were up 1.1% in Wednesday premarket trading.
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