Up Fintech Holding Ltd ADR Steady Today At $4.86 After Earnings

UP Fintech Holding Ltd (TIGR) surpassed earnings projections on 11/27/2023 for Q3 2023.

Up Fintech Holding Ltd ADR's earnings came in at an EPS of $0.1 per share. The firm's earnings are up 144% since reporting $0.041 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $70.1 million. That revenue figure is an increase of 26.60% from the year ago quarter.

The stock is steady today at $4.86 after the report.

Up Fintech Holding Ltd ADR's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Up Fintech Holding Ltd ADR a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 52. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

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.