Futu Announces Second Quarter 2019 Unaudited Financial Results
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Futu Holdings Limited (FHL) Misses Q2 EPS by 1c, Revenues Beat
August 26, 2019 5:54 AM EDTFutu Holdings Limited (NASDAQ: FHL) reported Q2 EPS of $0.06, $0.01 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $33.3 million versus the consensus estimate of $32.42 million.
Second Quarter 2019 Operational Highlights
Total number of registered clients1 increased 64.7% year-over-year to 614,504Total number of paying clients2 increased 50.5% year-over-year to 164,717Total number of users3 increased 26.5% year-over-year to 6.1 millionTotal client assets increased 22.9% year-over-year to HK$68.3 billionDaily average client assets increased 20.9% year-over-year to HK$65.4 billionTotal trading volume decreased 1.8% year-over-year to HK$213.1 billionDaily average revenue trades (DARTs)4 increased 17.3% year-over-year to... More