Stock Track | BEKE-W Surges 6.56% on Strong Q2 Results from Parent Ke Holdings

Stock Track2024-08-13

Shares of BEKE-W, the Warrants of Ke Holdings Inc., soared 6.56% in intraday trading on Monday, following the release of Ke Holdings' impressive second-quarter financial results.

Ke Holdings, the parent company of BEKE-W and a leading housing transactions services platform in China, reported better-than-expected earnings for the quarter ended in June. The company's adjusted earnings per share (EPS) came in at 0.76 yuan, surpassing analyst estimates of 0.63 yuan. Additionally, Ke Holdings' revenue rose 19.9% year-over-year to 23.37 billion yuan, exceeding expectations of 23.05 billion yuan.

The strong financial performance was driven by robust growth in Ke Holdings' core business segments. The company's attributable profit increased to 1.89 billion yuan, up from 1.31 billion yuan in the same period last year. Earnings per share also improved to 0.54 yuan from 0.36 yuan in the previous year.

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