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Here's Why Up Fintech Stock Is Making Big Gains

TheMotleyFool

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Here's Why Up Fintech Stock Is Making Big Gains

Shares of Up Fintech Holdings (NASDAQ: TIGR) gained roughly 8.6% in Friday's trading. The stock surged after the company posted promising second-quarter results.

Up Fintech published its Q2 report before the market opened today, and the overall results were encouraging despite sales and earnings for the period coming in below the market's expectations. The China-based online brokerage company posted a non-GAAP (adjusted) loss per American depositary share of $0.03 on revenue of $60.23 million, while the average analyst estimate had called for adjusted earnings of $0.15 per share on sales of $74.78 million.

Image source: Getty Images.

Source Fool.com

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