On August 25, Futu Holdings Limited rose 5.2% in regular trading, trading at $121.51/share, with turnover of $48.67 million. The stock continues to build on momentum following its Q2 earnings release on August 20, which significantly exceeded analyst expectations across all key metrics.
Futu reported Q2 revenue of HK$7.20 billion, up 35.6% year-over-year, surpassing the consensus estimate of HK$6.17 billion by approximately 16.7%. Net income came in at HK$26.08 per diluted ADS, beating the FactSet estimate of HK$23.36. In dollar terms, quarterly sales of $918.16 million exceeded the $775.99 million estimate by 18.3%. Total trading volume surged 78.8% year-over-year to HK$6.42 trillion, driven by AI and chip sector trading activity, while funded accounts reached 3.8 million. Margin financing balances rose 85.1% year-over-year to HK$95.1 billion, reflecting elevated client engagement. Platform client assets reached a record HK$1.4 trillion, up 44% year-over-year.
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