Why KE Holdings Stock (BEKE) Is Up 8%
Portfolio Pulse from Henry Khederian
KE Holdings Inc (BEKE) shares rose by 6.39% in pre-market trading after the company reported Q2 earnings, upsized its share repurchase program, and declared a special dividend. The company's Q2 adjusted earnings per share of 27 cents beat the analyst consensus estimate of 19 cents. However, its Q2 sales of $2.69 billion missed the analyst consensus estimate of $2.73 billion by 1.6%. The company's board extended the share repurchase program from $1 billion to $2 billion and approved a special cash dividend of $0.057 per ordinary share and $0.171 per ADS.
August 31, 2023 | 1:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
KE Holdings' Q2 earnings beat estimates and the company declared a special dividend, leading to a rise in its share price. However, its Q2 sales missed estimates.
KE Holdings' Q2 earnings beat and the declaration of a special dividend are positive news that likely contributed to the rise in its share price. However, the company's Q2 sales missed estimates, which could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100