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UP Fintech Holding Q1 Profit Increases

June 05, 2024 — 05:05 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - UP Fintech Holding Ltd. (TIGR) Wednesday announced an increase in profit in the first quarter, supported by 12.8 percent increase in revenue, compared to the prior year.

The quarterly profit was $12.3 million, up from $7.963 million in the prior year. On an adjusted basis, earnings were $14.7 million.

Revenues for the quarter were $78.948 million, compared to $66.325 million a year ago.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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