Noah Holdings Limited Earnings: Here’s Why Investors Like These Results
Noah Holdings Ltd. American Dep (NYSE:NOAH) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.25%.
Noah Holdings Ltd. American Dep Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.19 in the quarter versus EPS of $ in the year-earlier quarter.
Revenue: Rose 94.28% to $32.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Noah Holdings Ltd. American Dep reported adjusted EPS income of $0.19 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Quoting Management: Ms. Jingbo Wang, Co-founder, Chairwoman of the Board of Directors and Chief Executive Officer, commented, “It was a record quarter for the company, with historical highs set for nearly all operating metrics. These results are reflections of structural improvements and strategic initiatives we have been making since the first half of 2012 in organizational structure, management, and product innovation.” Ms. Wang continued, “I am also pleased that all of our business units, including our mutual business and our Hong Kong business, continued to make meaningful progress this quarter. In addition, we were able to continue to grow our asset management business.”
Key Stats (on next page)…