OneConnect Financial Tech (NYSE:OCFT) reported its Q1 earnings results on Monday, May 22, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
OneConnect Financial Tech beat estimated earnings by 17.17%, reporting an EPS of $-0.439 versus an estimate of $-0.53.
Revenue was down $25.17 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 0.5% increase in the share price the next day.
Here’s a look at OneConnect Financial Tech’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.62 | -0.8 | -0.8 | -1.1 |
| EPS Actual | -0.67 | -0.5 | -1 | -1.4 |
| Revenue Estimate | 162.90M | 170.18M | 162.94M | 138.45M |
| Revenue Actual | 174.65M | 156.25M | 171.76M | 160.50M |
To track all earnings releases for OneConnect Financial Tech visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
