optimistic Hare_7569
commented on
$Futu Holdings Ltd(FUTU.US$
Total revenues decreased 25.6% year-over-year to HK$1,641.0 million (US$209.5 million).
Total gross profit decreased 19.8% year-over-year to HK$1,413.0 million (US$180.4 million).
Net income decreased 50.8% year-over-year to HK$571.8 million (US$73.0 million).
Non-GAAP adjusted net income5 decreased 47.2% year-over-year to HK$622.2 million (US$79.4 million).
Total revenues decreased 25.6% year-over-year to HK$1,641.0 million (US$209.5 million).
Total gross profit decreased 19.8% year-over-year to HK$1,413.0 million (US$180.4 million).
Net income decreased 50.8% year-over-year to HK$571.8 million (US$73.0 million).
Non-GAAP adjusted net income5 decreased 47.2% year-over-year to HK$622.2 million (US$79.4 million).
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optimistic Hare_7569
liked
$Futu Holdings Ltd(FUTU.US$ $PDD Holdings(PDD.US$ Been saying last three days, PDD and FUTU is a no-brainer stock you should have in your portfolio. 👍 ☺️😂🙏 Next is $100 👌
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optimistic Hare_7569 Bull Run OP : you funny bloke, read the entire reports, even their revenue and profits declined, but their operating costs, brokerage expenses also declined proportionally, and we are in bear market, everybody refrains from trading, so it makes sense their revenue dropped. But they still made good profits overall, with their expansion to Australia and Singapore, their IPO service, etc.
their net wealth assets declined were because open positions dropped in value as bear market. Read the whole report, not just snapshot certain parts of the earnings report!!!