Online brokerage and wealth management platform Futu Holdings Limited (FUTU) has posted strong results for the third quarter of 2021. Shares of the company gained 4.1% in Wednesday’s early trading session. The company reported adjusted earnings of HK$3.94 ($0.50) per ADS, up 29.6% from HK$3.04 per ADS reported in the prior-year period. (See Futu Holdings stock charts on TipRanks) Furthermore, revenues surged 83% year-over-year to HK$1.73 billion ($222.4 million). The increase in revenues reflected a surge in brokerage commission and handling charge income, which increased 65.8% to HK$933.4 million ($119.9 million), as well as 128.5% growth in interest income to HK$631.7 million ($81.1 million). While research and development expenses increased 49.
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Futu (NASDAQ:FUTU)
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