Lufax Holding (NYSE:LU) Third Quarter 2022 Results
main financial results
Revenue: CN¥13.2 billion (down 17% from Q3 2021).
Net Income: CN¥1.33 billion (down 68% from Q3 2021).
Profit margin: 10% (down from 26% in 3Q 2021).
EPS: CN¥0.58 (down from CN¥1.76 in 3Q 2021).
profit and sales growth
All figures in the chart above are for the last 12 months (TTM) period
Lufax Holding Turnover and profit exceeded expectations
Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 51%.
Looking ahead, revenue is expected to grow at an average annual rate of 8.0% over the next 3 years, compared to a 7.0% growth forecast for the US consumer finance sector.
Display of US consumer finance sector.
Shares of the company are down 13% from a week ago.
should learn about 3 warning signs We’ve been spotted with Lufax Holding.
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