TIGR Stock Drops Amidst Decline in Net Profit Despite Revenue Growth

1 day ago

Tiger Brokers (TIGR, Financial) saw its stock price fall by 20.27%, trading at $7.67 per share, with a total transaction volume of $388 million. The company's financial performance shows a total revenue of $166 million as of June 30, 2024, which represents a 25.69% increase compared to the previous year.

Despite the revenue growth, Tiger Brokers' net profit attributable to shareholders decreased by 29.44% to $14.92 million. Investors are watching closely as the company plans to release its financial results for the third quarter of fiscal year 2024 on November 25. The actual release date will be confirmed in the company’s official announcement.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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