Why KE Holdings (BEKE) Shares Are Moving
Portfolio Pulse from Henry Khederian
KE Holdings Inc (BEKE) shares are trading higher by 7.1% after China cut the minimum down payment on mortgages as part of stimulus measures. The company reported Q2 adjusted earnings of 27 cents per share, beating the analyst consensus estimate of 19 cents. However, quarterly 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.
September 01, 2023 | 3:36 pm
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KE Holdings' shares are trading higher due to China's stimulus measures and positive Q2 earnings. However, missed sales estimates and the extension of the share repurchase program could impact the stock's performance.
The rise in KE Holdings' shares can be attributed to China's stimulus measures and the company's Q2 earnings beat. However, the missed sales estimates and the extension of the share repurchase program could lead to increased volatility in the stock's performance.
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