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Update: Qifu Technology Shares Fall After Q2 Adjusted Earnings, Revenue Decline

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(Updates with the company's stock move in the headline and the first paragraph.)

Qifu Technology (QFIN) shares were down 18% in Wednesday trading after the company late Tuesday reported year-over-year declines in Q2 adjusted earnings and revenue, with revenue missing analysts' estimates.

The financial technology company posted Q2 adjusted earnings of 3.72 Chinese renminbi ($0.55) per diluted American depositary share, down from 13.63 renminbi a year earlier.

Analysts' estimates were not readily available for comparison.

Total net revenue for the quarter ended June 30 was 3.57 billion renminbi, down from 5.22 billion renminbi a year earlier.

Two analysts surveyed by FactSet expected 3.82 billion renminbi.

Price: $9.45, Change: $-2.08, Percent Change: -18.04%

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