FinVolution Group's stock rallied 6.14% in the after-hours trading session on Monday, driven by the company's impressive third-quarter financial results. The Shanghai-based online consumer finance marketplace provider reported robust growth in both earnings and revenue for the quarter ended September 30.
The company's adjusted earnings per share (EPS) for the quarter came in at $0.36, representing a significant 20% increase compared to the same period last year. Meanwhile, FinVolution Group's revenue rose to $466.83 million, up 6.52% year-over-year, fueled by the strong performance of its core business segments.
Analysts had expected the company to deliver solid results, as the online consumer finance market in China continues to expand. FinVolution Group's ability to capitalize on this growth opportunity and drive both earnings and revenue higher has contributed to the stock's after-hours surge.
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