The chart below shows how TIGR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TIGR sees a +2.30% change in stock price 10 days leading up to the earnings, and a -5.73% change 10 days following the report. On the earnings day itself, the stock moves by -3.80%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Trading Volume Surge: Total trading volume reached US$163 billion, reflecting a quarter-over-quarter increase of 54%.
Commission Income Surge: Commission income reached US$41.2 million, increased by 21% quarter-over-quarter and 78% year-over-year, the highest in the past three years.
Record Third Quarter Revenue: Total revenue for the third quarter was an all-time high of US$101 million, a quarter-over-quarter increase of 16% and year-over-year increase of 44%.
Net Income Surge: GAAP net income attributable to UP Fintech was US$17.8 million, an increase of 585% quarter-over-quarter and 34% year-over-year.
Operating Profit Margin Increase: Operating profit margin increased to 26% in the third quarter, indicating ongoing improvement in the operating leverage of our business model.
Negative
Trading Volume Surge: Total trading volume reached US$163 billion, reflecting a quarter-over-quarter increase of 54% and 24%, respectively.
Commission Income Surge: Commission income reached US$41.2 million, increased 21% quarter-over-quarter and 78% year-over-year, the highest in the past three years.
Interest Income Increase: Despite ongoing rate cut cycles, interest income increased 9% quarter-over-quarter to US$48 million.
Record Third Quarter Revenue: Total revenue for the third quarter was an all-time high of US$101 million, a quarter-over-quarter increase of 16% and year-over-year increase of 44%.
Operating Cost Increase: Total operating costs were US$59.3 million, an increase of 22% from the same quarter of last year.
UP Fintech Holding Limited (TIGR) Q3 2024 Earnings Call Transcript
TIGR.O
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