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MARKETS LIVE BLOG:

STOCKS TRADE HIGHER; DISNEY SINKS AFTER EARNINGS

Apple reportedly designing its own AI chips for data centres

Here's Why Up Fintech Stock Is Making Big Gains

Keith Noonan, The Motley Fool
·2 min read
Here's Why Up Fintech Stock Is Making Big Gains

Shares of Up Fintech Holdings (NASDAQ: TIGR) gained roughly 8.6% in Friday's trading. Up Fintech published its Q2 report before the market opened today, and the overall results were encouraging despite sales and earnings for the period coming in below the market's expectations. The China-based online brokerage company posted a non-GAAP (adjusted) loss per American depositary share of $0.03 on revenue of $60.23 million, while the average analyst estimate had called for adjusted earnings of $0.15 per share on sales of $74.78 million.

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