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Yirendai: 1Q Earnings Snapshot

Associated Press
Updated

BEIJING (AP) _ Yirendai Ltd. (YRD) on Wednesday reported first-quarter net income of $55 million.

On a per-share basis, the Beijing-based company said it had profit of 59 cents.

The online consumer finance marketplace posted revenue of $295.1 million in the period.

Yirendai shares have risen 17% since the beginning of the year. The stock has declined 40% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YRD at https://www.zacks.com/ap/YRD