Stock Track | XD Inc Shares Plunge 8% After Releasing First-Half Profit Guidance

Stock Track08-05

Shares of XD Inc, a leading Chinese technology company, plummeted by 8.43% during intraday trading on Friday, following the release of the company's expected financial results for the first half of the year.

According to a company statement, XD Inc forecasts its net profit for the six-month period to range between RMB 220 million and RMB 270 million. Additionally, the company expects to generate revenue in the range of RMB 2,180 million to RMB 2,230 million.

While the company did not provide further details or comparisons to previous periods, the market's reaction suggests that investors and analysts may have been anticipating stronger financial performance from XD Inc. The significant drop in the stock price could indicate that the company's guidance fell short of market expectations, prompting a sell-off by disappointed investors.

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