On Wednesday, Shares of Yirendai Ltd – ADR (NYSE:YRD), subtract -4.29% and closed at $29.00 in the last trading session. The last trading range of the stock ranges between $28.50 and $33.62. Yirendai Ltd. (YRD) (“Yirendai” or the “Company”), a leading online consumer finance marketplace in China, recently declared its unaudited financial results for the quarter ended September 30, 2016.
Starting from the second quarter of 2016, the Company changed its reporting currency from the U.S. dollar (“US$”) to the Renminbi (“RMB”), to reduce the impact of raised volatility of the RMB to US$ exchange rate on the Company’s stated operating results. The aligning of the reporting currency with the underlying operations will better depict the Company’s results of operations for each period. This release contains translations of certain RMB amounts into US$ for convenience[i]. Prior period numbers have been recast into the new reporting currency.
In the third quarter of 2016, Yirendai facilitated RMB 5,617.5 million (US$842.4 million) of loans to 92,479 qualified individual borrowers on its online marketplace, representing a 120% year-over-year growth; 59% of the borrowers were attained from online channels; 40.5% of the loan volume was originated from online channels and 98.3% of the online volume was facilitated through the Yirendai mobile application.
In the third quarter of 2016, Yirendai facilitated 171,460 shareholders with total investment amount of RMB 5,953.5 million (US$892.8 million), 100% of which was facilitated through its online platform and 83.2% of which was facilitated through its mobile application.
Goodyear Tire & Rubber Co (NASDAQ:GT), dropped -1.65% and closed at $30.48 in the last trading session. The last trading range of the stock ranges between $30.42 and $30.86.. The company’s Market capitalization is $8.18 Billion with the total Outstanding Shares of 261.05 million. The Goodyear Tire & Rubber Company (GT) will recognize hardworking Dallas/Fort Worth-area community members through a new contest, “Your Blimpworthy Story.” Starting recently through Dec. 4, fans in the Dallas/Fort Worth-area, site of the Goodyear Cotton Bowl Classic, can nominate a friend, family member, mentor or local community leader who demonstrates “Blimpworthy” attributes – hard work, determination and grit – that make their neighborhood a better place.