Futu Holdings: Stock falls as lower trading volume weighs on Q4 results [Seeking Alpha]
Futu Holdings Limited - American Depositary Shares (FUTU)
NASDAQ:AMEX Investor Relations:
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Source: Seeking Alpha
quarter revenue estimates, and reported a 6.3% decline in adjusted net income to $121.7 million. “Total trading volume decreased by 12.2% quarter-over-quarter to HK$956.6 billion. Hong Kong stock trading volume fell by 12.8% sequentially to HK$237.7 billion against weak market performance," Leaf Hua Li, Futu's Chairman and Chief Executive Officer said. Additionally, U.S. stock trading volume declined by 12.4% quarter-over-quarter to HK$704.6 billion due to lower turnover of the key U.S. technology names, partially offset by resilient trading turnover of leveraged and inverse ETFs, Leaf Hua Li added. The company's daily average revenue trades (DARTs) in 2023 declined 27.2% year-over-year to 428,745. Futu Holdings' ( FUTU ) total costs were HK$433.5 million ($55.5 million), an increase of 26.7% from HK$342.2 million in the year ago period. Recommended For You More Trending News Recommended For You More Trending News About FUTU Stock Related Stocks Trending Analysis
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FUTU
News
- Futu Holdings Limited Announces Filing of Its Annual Report on Form 20-F for Fiscal Year 2023GlobeNewswire
- Futu Announces the Number of Its Clients in Malaysia Has Surpassed 100,000 [Yahoo! Finance]Yahoo! Finance
- Futu Announces the Number of Its Clients in Malaysia Has Surpassed 100,000GlobeNewswire
- Moomoo and Nasdaq Celebrate Six-Year Partnership and Announce a Global Strategic Partnership to Continue Promoting Investor EducationPR Web
- Moomoo and Nasdaq Announce Global Strategic Partnership [Yahoo! Finance]Yahoo! Finance
FUTU
Earnings
- 5/24/23 - Beat
FUTU
Sec Filings
- 4/24/24 - Form 20-F
- 3/14/24 - Form 6-K
- 2/6/24 - Form SC
- FUTU's page on the SEC website