Futu Holdings Limited (FUTU), a tech-driven online brokerage and wealth management platform based in Hong Kong, reported robust results for the second quarter of 2021. Shares of Futu Holdings, with a current market capitalization of $14 billion, have jumped 188% over the past year. The company reported adjusted earnings of HK$3.47 ($0.45) per ADS, growing 86.6% from HK$1.86 per ADS reported in the prior-year period. (See Futu Holdings stock charts on TipRanks) Furthermore, revenues surged 129.3% year-over-year to HK$1.6 billion ($203 million). The increase in revenues reflected a surge in brokerage commission and handling charge income, which increased 94.8% to HK$797.7 million ($102.7 million), as well as 193.
https://www.tipranks.com/news/futu-holdings-reports-strong-q2-results-several-milestones-achieved?utm_source=advfn.com&utm_medium=referral
Futu (NASDAQ:FUTU)
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