SPY420.86+5.94 1.43%
DIA338.78+5.82 1.75%
IXIC14,141.48+111.10 0.79%

Noah Holdings Q1 Profit, Revenue Surge, Sets FY21 Outlook; Stock Gains 4% Late

05/10/2021 13:43

05:40 PM EDT, 05/10/2021 (MT Newswires) -- Noah Holdings (NOAH) late Monday reported adjusted earnings of 6.84 Chinese yuan ($1.07) per ADS in Q1, up from 4.15 yuan per ADS a year earlier, as revenue grew to 1.22 billion yuan from 746.12 million yuan over the same period.

No analyst estimates were available for the Chinese wealth management company.

For the full year, Noah said it expects adjusted earnings of 1.2 billion yuan to 1.3 billion yuan.

Price: 45.00, Change: +1.86, Percent Change: +4.31