Up Fintech Holding Ltd ADR (TIGR) said before open Wednesday that it earned $0.007 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $70 million, missing estimates by $137 million.
In the same quarter a year ago, the company earned $0.029 per share on revenue of $63.9 million.
The stock is down 11.19% to $4.08 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Wall Street Analysts had an average rating of Hold on the stock prior to the report.
InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.
Up Fintech Holding Ltd ADR has performed a little below average during the past few months. Before the report, Up Fintech Holding Ltd ADR received a Long-Term Technical Rank by InvestorsObserver of 28, putting it in the bottom half of stocks. The firm set a 52-week high on September 6, 2023 at $5.8 and set a 52-week low on May 18, 2023 at $2.31.
UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support.
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Up Fintech Holding Ltd ADR Down 11.19% To $4.08 After Earnings Miss
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