KE Holdings Q1 Adjusted EPADS $0.16 Beats $0.12 Estimate, Sales $2.27B Beat $2.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
KE Holdings (NYSE:BEKE) reported Q1 adjusted earnings per ADS of $0.16, beating the $0.12 estimate. Sales were $2.27 billion, slightly above the $2.25 billion estimate. However, both earnings and sales decreased significantly compared to the same period last year.
May 23, 2024 | 10:03 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
KE Holdings reported Q1 adjusted earnings per ADS of $0.16, beating the $0.12 estimate. Sales were $2.27 billion, slightly above the $2.25 billion estimate. However, both earnings and sales decreased significantly compared to the same period last year.
The positive earnings surprise and slight sales beat are likely to have a short-term positive impact on BEKE's stock price. However, the significant year-over-year declines in both earnings and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100