06:39 AM EDT, 05/23/2024 (MT Newswires) -- KE Holdings ( BEKE ) reported Q1 adjusted earnings Thursday of 1.18 Chinese renminbi ($0.16) per American depositary share, down from 2.92 renminbi per ADS a year earlier.

Five analysts polled by Capital IQ expected normalized earnings of 0.77 renminbi.

Revenue for the quarter ended March 31 was 16.38 billion renminbi, down from 20.28 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 16 billion renminbi.

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