UP Fintech rises on strong Q3 results

UP Fintech Holding

27/11/2023 10:25

** U.S.-listed shares of Chinese e-brokerage UP Fintech
Holding Ltd  TIGR.O  rise 7% to $5.2 premarket
    ** Q3 total revenues increases 26.6% year-over-year to $70.1
mln
    ** Quarterly non-GAAP income per ADS was $0.10, above
average analyst estimate of $0.04- LSEG data 
     ** Net income for the third quarter was $13.2 mln; compared
to $3.3 mln in Q3 2022
    ** Co Q1-Q3 net income hits $42 mln, surpassing 2-year total
    ** Six of eight brokerages rate the stock "buy" or higher,
one "hold" and one "sell"; their median PT is $5.80
    ** Up to last close, stock had risen 42.5% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))