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Why eXp World Holdings Stock Surged by 11% Today
Yahoo Finance· 2025-11-07 22:17
Group 1 - eXp World Holdings experienced a significant stock increase of over 11% following a strong quarterly earnings report, outperforming the S&P 500 which only rose by 0.1% [1] - The company reported a 7% year-over-year revenue increase to $1.32 billion and achieved a net profit of almost $3.5 million ($0.02 per share), a turnaround from a loss of over $8.5 million in the previous year [2][3] - eXp exceeded analyst expectations, with projected revenue of $1.24 billion and non-GAAP per-share net income of $0.01, attributing its success to agent growth, productivity, and retention rates [3] Group 2 - Total transactions for eXp rose by 3% year-over-year, totaling 121,516, while overall sales volume increased by 7% to over $54 billion, indicating strong demand in the housing market [4][6] - The brokerage is effectively capitalizing on the high demand for homes in the country, contributing to its positive financial performance [6]