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MARKETS LIVE BLOG:

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Futu Holdings Full Year 2023 Earnings: Misses Expectations

editorial-team@simplywallst.com (Simply Wall St)
·1 min read

Futu Holdings (NASDAQ:FUTU) Full Year 2023 Results

Key Financial Results

  • Revenue: HK$9.10b (up 24% from FY 2022).

  • Net income: HK$4.28b (up 46% from FY 2022).

  • Profit margin: 47% (up from 40% in FY 2022). The increase in margin was driven by higher revenue.

  • EPS: HK$31.00 (up from HK$20.55 in FY 2022).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

Futu Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 3.0%.

In the last 12 months, the only revenue segment was Online Brokerage Services and Margin Financing Services contributing HK$9.10b. The largest operating expense was General & Administrative costs, amounting to HK$2.77b (66% of total expenses). Explore how FUTU's revenue and expenses shape its earnings.

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Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 15% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Futu Holdings' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.