Futu reported second-quarter earnings per share of HK$26.08, exceeding analyst expectations by HK$0.23, according to data released on August 20. Revenue for the period totaled HK$7.2 billion, surpassing the HK$5.91 billion consensus estimate by HK$1.29 billion.
The Hong Kong-based online brokerage, listed on the Nasdaq under the ticker FUTU, posted results that reflected stronger-than-anticipated client activity and trading volumes. The company’s stock closed at HK$109.42, extending its three-month gain to 21.9% despite a 39.36% decline over the past 12 months.
Analysts had not revised earnings estimates upward in the 90 days preceding the report, while one downward revision was recorded. The company’s financial health was rated as "great performance" by InvestingPro’s scoring system.
