Qudian (QD) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Qudian Inc. reported a significant turnaround in its third quarter 2024 financial results, showing a net income of RMB131.9 million compared to a net loss in the previous year. The company’s last-mile delivery business contributed substantially to its revenue increase, highlighting its strategic shift and ability to tap into growing e-commerce demands. Additionally, Qudian has been actively repurchasing shares, indicating a strong financial position and commitment to shareholder value.
For further insights into QD stock, check out TipRanks’ Stock Analysis page.