Pulse of the Market: Wednesday’s 10 Worst Performers

7. KE Holdings Inc. (NYSE:BEKE)

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.