Why Shares of LexinFintech Holdings Rose Today

Shares of the Chinese digital financial services company LexinFintech Holdings (NASDAQ: LX) rose about 11.5% today after the company reported earnings results for the second quarter of the year earlier this morning.

LexinFintech reported diluted earnings of $0.13 per American depositary share on total operating revenue of more than $360 million.

"We are pleased to see that our second quarter 2022 performance has been improved compared with the previous one. Operating revenue increased by 40.9% quarter over quarter while loan origination reached RMB49.1 billion," LexinFintech's CEO, Jay Wenjie Xiao, said in an earnings statement.

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Source Fool.com