U.S. stock market anomaly | Q1 adjusted profit exceeds expectations, Beike (BEKE.US) opens up more than 7%

According to the Zhixun Finance APP, on Tuesday, Beike (BEKE.US) opened up over 7%, with a cumulative increase of 28% since April, and is currently trading at $19.14. On the news front, on May 19th, Beike released its first quarter 2026 performance announcement. In the first quarter, Beike achieved a net income of 18.9 billion yuan and a net profit of 1.255 billion yuan, a year-on-year increase of 46.7%. The adjusted net profit reached 1.611 billion yuan, a year-on-year increase of 15.7%, exceeding market expectations. The gross profit margin reached 24.1%, an increase of 3.5 percentage points year-on-year; the adjusted operating profit margin was 8.8%, an increase of 3.9 percentage points year-on-year, both reaching new highs for the past seven quarters.