Fangdd: Q1 Earnings Snapshot
Posted May 14, 2021 5:47 am.
Last Updated May 14, 2021 5:54 am.
SHENZHEN, China (AP) _ Fangdd Network Group Ltd. (DUO) on Friday reported a loss of $16.2 million in its first quarter.
The Shenzhen, China-based company said it had a loss of 19 cents per share. Losses, adjusted for stock option expense, came to 17 cents per share.
The online real estate broker posted revenue of $44.9 million in the period.
For the current quarter ending in July, Fangdd said it expects revenue in the range of $58.6 million to $64.8 million.
The company’s shares closed at $3.14. A year ago, they were trading at $9.18.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DUO at https://www.zacks.com/ap/DUO
The Associated Press
