Full Truck Alliance climbs after Q3 results beat estimates

Full Truck Alliance

20/11/2023 10:20

** U.S.-listed shares of Full Truck Alliance  YMM.N  gain
4.1% to $7.30 premarket after Q3 results beat estimates 
    ** Chinese digital freight platform reports Q3 revenue of
2.26 bln yuan ($310.3 mln), beating LSEG estimates of $300.3 mln
    ** Posts Q3 adj earnings of 0.78 yuan (11 cents) per
American Depository Share (ADS), above estimates of 8 cents per
ADS 
    ** Average shipper monthly active users (MAUs) rose 15% Y/Y
to 2.13 mln
    ** Rise in user scale and number of fulfilled orders
reflected resiliency of economy - CEO Peter Zhang 
    ** YMM sees Q4 revenue in the range of 2.27 bln yuan to 2.32
bln yuan
    ** Stock up 12.4%, as of last close 
    

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))