UP Fintech Holding Q4 Adj EPADS $0.01 Misses $0.07 Estimate, Sales $69.98M Miss $207.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
UP Fintech Holding (TIGR) reported Q4 adjusted earnings per ADS of $0.01, missing the $0.07 estimate, and sales of $69.98M, missing the $207.00M estimate. This represents a 75.86% decrease in earnings and a 9.59% increase in sales from the same period last year.
March 20, 2024 | 8:03 am
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NEGATIVE IMPACT
UP Fintech Holding reported significantly lower Q4 earnings and sales than expected, with a 75.86% decrease in earnings per share and a 66.19% miss in sales estimates.
The substantial miss in both earnings per share and sales estimates for UP Fintech Holding (TIGR) is likely to negatively impact investor sentiment and the stock price in the short term. The significant decrease in earnings compared to last year and the large miss in sales expectations highlight potential operational and market challenges the company is facing.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100