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Why Shares of Futu Are Falling

TheMotleyFool

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Shares of Futu Holdings (NASDAQ: FUTU) were trading nearly 9% lower as of 12:30 p.m. ET after the Hong Kong-based online brokerage and wealth management platform operator reported its fourth-quarter results.

Futu reported earnings equivalent to $0.42 per American Depository Share, a decrease of nearly 16% from Q4 2020. Total revenue came in at $205.5 million, up about 35% year over year. Although only one analyst is listed as having offered a forecast for Futu's Q4 results on Yahoo! Finance, its earnings and revenue missed those estimates by wide margins.

Image source: Getty Images.

Source Fool.com

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