Full Truck Alliance rises after Q1 profit beat

Full Truck Alliance

21/05/2024 13:25

** U.S.-listed shares of Full Truck Alliance  YMM.N  gain
2.8% to $9.67 premarket 
    ** Chinese digital freight platform reports Q1 revenue of
2.27 bln yuan ($314.2 mln), in line with LSEG estimates
    ** Posts Q1 adj earnings of 0.72 yuan (10 cents) per
American Depository Share (ADS), above estimates of 7 cents per
ADS
    ** Average shipper monthly active users (MAUs) rose 22.3%
Y/Y to 2.14 mln
    ** We remain committed to improving operational efficiency,
boosting user experience, promoting our brands, and enabling
enterprises to run their logistics operations in a more
efficient and cost effective manner - CEO Peter Zhang
    ** YMM sees Q2 revenue in the range of 2.65 bln yuan to 2.72
bln yuan
    ** Stock up 34.2%, as of last close

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.parmar@thomsonreuters.com))