We recently published a list of Pulse of the Market: Wednesday’s 10 Worst Performers. In this article, we are going to take a look at where KE Holdings Inc. (NYSE:BEKE) stands against other Wednesday’s worst performers.
Shares on Wall Street bounced back from a bloodbath, with all main indices ending in the green on Wednesday, as investors cheered the Federal Reserve’s decision to keep interest rates unchanged.
The tech-heavy Nasdaq led the gains, rallying 1.41 percent, followed by the S&P 500 with a 1.08 percent gain, and the Dow Jones, by 0.92 percent.
Meanwhile, 10 companies defied overall market optimism, booking losses during the trading session. In this article, let’s take a look at the 10 worst-performing stocks and explore the reasons behind their drop.
To come up with the list, we considered only the companies with a $2-billion market capitalization and $5 million in trading volume.
Aerial shot of a modern real estate development with residential homes.
KE Holdings Inc.
KE Holdings dropped its share prices by 3.52 percent on Wednesday to end at $22.45 each as investors sold off positions following the release of its latest earnings performance.
In a statement, BEKE said net income in the fourth quarter of the year dropped by 13.9 percent to RMB577 million from RMB670 million in the same period a year earlier, despite revenues growing by 55 percent to RMB31 million from RMB20 million.
For the full-year 2024, net income declined by 30.7 percent to RMB4.078 billion from RMB5.889 billion, while revenues increased by 20.8 percent to RMB93 billion from RMB77 billion year-on-year.
Following its earnings, BEKE also declared a cash dividend of $12 per ordinary share or $0.36 per ADS to holders of ordinary shares and holders of ADSs of record date April 9, 2025.
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This article is originally published at Insider Monkey.