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Update: KE Shares Rise After Q1 Beat

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(Updates with the latest stock price movement in the headline and the first paragraph.)

KE (BEKE) shares rose 5.9% on Tuesday after the company reported higher-than-expected Q1 results.

The company reported Q1 adjusted net income Tuesday of 1.42 Chinese renminbi ($0.21) per diluted share, up from 1.19 renminbi a year earlier.

Analysts polled by FactSet expected 0.97 renminbi.

Revenue for the quarter ended March 31 was 18.89 billion renminbi, down from 23.33 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 18.63 billion renminbi.

Price: $18.89, Change: $+1.09, Percent Change: +6.10%

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