Shares of KE Holdings Inc. (BEKE), an integrated online and offline platform for housing transactions and services in China, are rising more than 5% Thursday morning after reporting better-than-expected fourth-quarter results. The company's first-quarter revenue outlook also also came in above analysts' view.
The company reported net income of RMB377.03 million or $54.67 million in the fourth quarter, compared with net loss of RMB929.68 million in the same period a year ago.
Net income per ADS was RMB0.31 or $0.04 compared with RMB0.78 last year.
Excluding one-time items, profit was RMB1.552 billion or $225 million.
Adjusted earnings per ADS were RMB1.29 or $0.18, that beat the average estimate analysts polled by Thomson-Reuters of $0.08 per share..
Quarterly revenue decreased 5.8% year-over-year to RMB16.747 billion or $2.428 billion. The consensus estimate was for $2.29 billion.
For the first quarter of 2023, the company expects total net revenues to be between RMB18.0 billion (US$2.6 billion) and RMB18.5 billion (US$2.7 billion). Analysts expect revenue of $2.03 billion for the quarter.
BEKE, currently at $18.14, has traded in the range of $9.09-$21.08 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.