Jungle lee wrote a post · Aug 24, 2023 21:59

FUTU's earnings look good, causing the shares to rise by 5% in advance.

$Futu Holdings Ltd (FUTU.US)$Once rose more than 5%, thanks to a 74.5% year-on-year increase in net income in Q2.

The stock once surged 5.13%, closing at $51.3.

Futu Holdings' Q2 revenue was HKD 2.4849 billion, a year-on-year increase of 42.3%; net income was HKD 1.1196 billion, a year-on-year increase of 74.5%. The total number of users increased by 10.1% year-on-year to reach 20.5 million.

However, after driving up the stock price, investors chose to take profits, causing the stock price to retreat slightly. Nevertheless, it still increased by about 2.20%, remaining in the range of $49 to $50.

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Jungle lee

Currently working at Nanyang Siang Pau. Outside of work, enjoys stay active and exploring new investment opportunities.

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