Full Truck Alliance Shares Climb After 3Q Earnings, 4Q Revenue Guidance
November 23 2022 - 1:49PM
Dow Jones News
By Sabela Ojea
Shares of Full Truck Alliance Co. climbed Tuesday after the
China-based digital freight platform posted a rise in profit for
the third quarter and forecast further revenue growth in the fourth
quarter.
At 13:10 ET, the shares were up 13% at $6.95.
The company, which also swung to a profit in the quarter, said
its revenue rose 46% to 1.81 billion Chinese Yuan ($253.5
million).
Full Truck Alliance said that it expects to end the last quarter
of 2022 with revenue growth of 25% to 32%, to between CNY1.79
billion and CNY1.88 billion.
"We will synchronize the expansion across our existing and
incremental business to drive the sustainable growth of our overall
business scale and create more value for society while China's
logistic industry is shifting to digitalization," founder, Chairman
and Chief Executive Peter Hui Zhang said.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
November 23, 2022 13:34 ET (18:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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