KE Q1 Adjusted Net Income Increases, Revenue Decreases

MT Newswires Live

05/19

KE (BEKE) reported Q1 adjusted net income Tuesday of 1.42 Chinese renminbi ($0.21) per diluted share, up from 1.19 renminbi a year earlier.

Analysts polled by FactSet expected 0.97 renminbi.

Revenue for the quarter ended March 31 was 18.89 billion renminbi, down from 23.33 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 18.63 billion renminbi.

Shares of the company were down more than 1% in recent premarket activity.

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