Full Truck Alliance Shares Trading Higher On Q1 Earnings Beat
Portfolio Pulse from Lekha Gupta
Full Truck Alliance (NYSE:YMM) reported Q1 2023 sales growth of 27.7% Y/Y to ¥1.7 billion ($240 million), beating analyst expectations. Adjusted EPS stood at ¥0.48, higher than ¥0.17 a year ago. The company expects Q2 revenue growth of 14.5% to 20.5% Y/Y.
May 22, 2023 | 1:22 pm
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Full Truck Alliance's Q1 2023 sales and EPS beat analyst expectations, driving shares higher premarket. The company expects continued growth in Q2.
Full Truck Alliance reported strong Q1 2023 results, with sales growth of 27.7% Y/Y and adjusted EPS significantly higher than a year ago. The company also provided a positive outlook for Q2, expecting revenue growth of 14.5% to 20.5% Y/Y. This news is likely to have a positive short-term impact on the stock price, as it indicates strong financial performance and future growth potential.
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