Stock Track | Full Truck Alliance Soars 7% Pre-Market on Q3 Earnings Beat, Robust Q4 Outlook

Stock Track11-20

Full Truck Alliance (YMM) stock surged 7% in pre-market trading on Wednesday, driven by the company's impressive third-quarter 2024 earnings results and positive guidance for the fourth quarter.

The logistics platform provider reported strong financial performance for Q3 2024, with non-GAAP earnings per share of $0.17, beating analysts' estimates by $0.02. Revenue came in at $432 million, up a solid 33.9% year-over-year and surpassing expectations by $43.29 million.

Looking ahead, Full Truck Alliance provided upbeat guidance for Q4 2024, expecting total net revenues between RMB2.94 billion ($371 million) and RMB3.00 billion ($379 million). This range reflects a year-over-year growth rate of approximately 22.3% to 24.8%, showcasing the company's continued momentum and growth trajectory.

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