Why Shares of KE Holdings Crashed Today

Shares of the Chinese real estate platform KE Holdings (NYSE: BEKE) had fallen roughly 24% as of 3:09 p.m. ET today after the company reported earnings results for the fourth quarter of 2021.

KE Holdings in the fourth quarter reported a loss equivalent to diluted earnings per American depositary share of -$0.12. Total revenue for the quarter came in at nearly $2.8 billion. While earnings missed consensus estimates, revenue beat.

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Source Fool.com