KE Holdings Beats Earnings, Stock Surges
Update: 2025-11-10
Description
KE Holdings, a significant Chinese property company, reported its Q3 financials on November 10th. Despite slightly lower-than-expected revenue, the companys adjusted earnings per share outperformed estimates, leading to a stock price increase. The companys revenue reached approximately $3.2 billion, a 2.1% year-over-year growth, while net income dropped by 36.1%. However, KE Holdings saw a 25.9% increase in active stores and an 11.4% rise in active agents. The companys home rental services performed exceptionally well, with a 45.3% revenue jump. KE Holdings is focusing on organizational changes and technology to improve services and customer experience, while also returning value to shareholders through share repurchases.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
