UP Fintech Holding Q1 2024 Adj EPS $0.09 Misses $0.10 Estimate, Sales $78.948M Up From $66.326M YoY
Portfolio Pulse from Benzinga Newsdesk
UP Fintech Holding (NASDAQ:TIGR) reported Q1 2024 earnings of $0.09 per share, missing the analyst estimate of $0.10. However, sales increased by 19.03% year-over-year to $78.948 million.
June 05, 2024 | 8:07 am
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UP Fintech Holding (NASDAQ:TIGR) reported Q1 2024 earnings of $0.09 per share, missing the analyst estimate of $0.10. Despite the miss, sales increased by 19.03% year-over-year to $78.948 million.
The earnings miss is likely to have a negative short-term impact on the stock price, despite the positive year-over-year sales growth. Investors often react more strongly to earnings misses than to sales increases.
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