(Updates with the latest stock price movement in the headline and the first paragraph.)
KE (BEKE) shares rose 5.9% on Tuesday after the company reported higher-than-expected Q1 results.
The company reported Q1 adjusted net income Tuesday of 1.42 Chinese renminbi ($0.21) per diluted share, up from 1.19 renminbi a year earlier.
Analysts polled by FactSet expected 0.97 renminbi.
Revenue for the quarter ended March 31 was 18.89 billion renminbi, down from 23.33 billion renminbi a year earlier.
Analysts surveyed by FactSet expected 18.63 billion renminbi.
Price: 18.89, Change: +1.09, Percent Change: +6.10
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