Futu Holdings Expects 550K (Prior 400K) New Paying Clients In 2024
Portfolio Pulse from Benzinga Newsdesk
Futu Holdings has raised its guidance for new paying clients in 2024 to 550,000, up from the previous estimate of 400,000. The company reported significant growth in paying clients, with a 28.8% year-over-year increase and an 8.2% quarter-over-quarter increase in Q2. Despite a sequential decline, the year-over-year growth was substantial.
August 20, 2024 | 8:12 am
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Futu Holdings has increased its 2024 guidance for new paying clients to 550,000, indicating strong growth momentum. The company saw a 28.8% year-over-year increase in paying clients in Q2.
Futu Holdings' increase in guidance for new paying clients suggests strong business momentum and potential revenue growth, which is likely to positively impact the stock price in the short term. The significant year-over-year growth in paying clients further supports this positive outlook.
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