Futu Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St.11-20

Futu Holdings (NASDAQ:FUTU) Third Quarter 2024 Results Key Financial Results Revenue: HK$3.02b (up 28% from 3Q 2023). Net income: HK$1.32b (up 21% from 3Q 2023). Profit margin: 44% (down from 46% in ...

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The decrease in margin was driven by higher expenses.NasdaqGM:FUTU Earnings and Revenue Growth November 20th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 4.7%. Earnings per share  was mostly in line with analyst estimates.Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US.The company's shares are down 4.5% from a week ago.You should always think about risks. Case in point, we've spotted   1 warning sign for Futu Holdings  you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FUTU":"富途控股"},"translate_title":"富途控股2024年第三季度财报：营收超出预期，每股收益符合预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUTU":0.9},"content_text":"Futu Holdings (NASDAQ:FUTU) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: HK$3.02b (up 28% from 3Q 2023).\nNet income: HK$1.32b (up 21% from 3Q 2023).\nProfit margin: 44% (down from 46% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: HK$9.57 (up from HK$7.97 in 3Q 2023).\n\n\n\n\n  NasdaqGM:FUTU Earnings and Revenue Growth November 20th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nFutu Holdings Revenues Beat Expectations\n Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) was mostly in line with analyst estimates. \n Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US. \nPerformance of the American Capital Markets industry.\n The company's shares are down 4.5% from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   1 warning sign for Futu Holdings  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484624194"}