Movement Alert|Futu Holdings Limited Rises 5.27% in Regular Trading, Q2 Earnings Beat Drives Gains

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Yesterday

On October 9, Futu Holdings Limited rose 5.27% in regular trading, trading at $114.65/share, with Turnover of $56.2371 million.

The move extends an upward trajectory following the company's Q2 results released on August 20, which showed net income of HK$26.08 per diluted ADS, up from HK$18.24 a year earlier and above the HK$23.36 consensus estimate. Revenue climbed 35.6% year-over-year to HK$7.20 billion, exceeding the HK$6.17 billion analyst expectation. Funded accounts reached 3.8 million, reflecting continued expansion of its digital brokerage platform.

Within the Investment Banking & Brokerage sector, XP Inc. gained 4.24%, Robinhood rose 2.01%, Morgan Stanley added 0.64%, Goldman Sachs advanced 0.51%, while Charles Schwab declined 0.21%.

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution services in Hong Kong and internationally through its Futubull and Moomoo digital platforms, offering securities and derivative trades brokerage, margin financing, fund distribution, market data services, and an online community forum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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