KE Holdings Q3 EPADS $0.13 Beats $0.12 Estimate, Sales $2.44B Beat $2.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
KE Holdings (NYSE:BEKE) reported Q3 earnings of $0.13 per share, beating the analyst consensus estimate of $0.12 by 8.33%. However, this is a 40.91% decrease from the same period last year. The company also reported quarterly sales of $2.44 billion, beating the estimate of $2.40 billion by 1.72%, but this is a 1.33% decrease from the same period last year.
November 08, 2023 | 10:03 am
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NEUTRAL IMPACT
KE Holdings beat Q3 earnings and sales estimates but reported decreases from the same period last year.
While KE Holdings beat the Q3 earnings and sales estimates, the year-on-year decreases in both earnings and sales could potentially offset the positive impact of beating the estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100