Shares of digital brokerage and wealth management services provider Futu Holdings (NASDAQ:FUTU) are rising in the pre-market session today after the company delivered better-than-expected third-quarter numbers.
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Revenue rose 11.5% year-over-year to $247.9 million, comfortably outperforming estimates by ~$19.7 million. EPADS at $0.68 too, rose past expectations by $0.010.
Impressively, total registered clients increased by 21.4% to 3.13 million during this period. Further, the number of paying clients shot up by 23.8% to 1.45 million.
While the company now has total client assets of $47.1 billion, quarterly client retention too stood strong at 98%.
FUTU shares have now climbed 35% over the past month alone. The Street, in the meantime, has a Moderate Buy consensus rating on the stock based on four Buys and a Sell.
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