Futu Holdings Q4 Adj. EPS $0.87 Misses $0.96 Estimate, Sales $303.80M Miss $331.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Futu Holdings (NASDAQ:FUTU) reported Q4 adjusted EPS of $0.87, missing the $0.96 estimate, and sales of $303.80M, missing the $331.79M estimate. This represents a decrease in EPS and an increase in sales compared to the same period last year.
March 14, 2024 | 8:16 am
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Futu Holdings reported a Q4 adjusted EPS of $0.87, missing estimates by 8.87%, and sales of $303.80M, missing estimates by 8.44%. Year-over-year, EPS decreased by 4.91% while sales increased by 3.92%.
Missing both EPS and sales estimates indicates potential operational challenges or market conditions affecting Futu Holdings' performance. The decrease in EPS year-over-year could negatively impact investor sentiment in the short term, leading to a potential decrease in stock price. However, the increase in sales year-over-year shows some positive aspects, but the missed estimates are likely to have a more significant impact.
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