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

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 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: HK$9.57 (up from HK$7.97 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Futu Holdings Revenues Beat Expectations

Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) 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.

Performance of the American Capital Markets industry.

The company's shares are down 4.5% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Futu Holdings you should know about.

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