The Latest Breaking News from Futu Holdings Ltd

Futu Holdings Ltd (NASDAQ: FUTU) shares traded higher Monday after the company reported financial results. Futu Holdings said first-quarter revenue decreased 25.6% year-over-year to $209.5 million. The company reported quarterly adjusted net income of $79.4 million.

Baidu Inc (NASDAQ:BIDU) explored options after the U.S. SEC added the Chinese search engine giant to a list of companies that faced delisting concerns, Reuters reports. Beijing refused to permit U.S. officials to review their auditors' work, Bloomberg reports. A 2020 U.S. law mandated a three-year clock for firms to comply with inspection…

Futu Holdings Ltd (NASDAQ: FUTU) shares are trading lower by 11.7% at $24.91 after the company reported fourth-quarter earnings results. Futu Holdings missed estimated earnings by 57.14%, reporting EPS of 45 cents versus the analyst consensus estimate of $1.05.