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Full Truck Alliance Third Quarter 2022 Revenue: Better Than Expected

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Full Truck Alliance (NYSE: YMM) Third Quarter 2022 Results.

main financial results

  • Revenue: CN¥1.81 billion (up 46% from Q3 2021).

  • Net Income: CN¥393.5 million (compared to CN¥178.4 million loss in 3Q 2021).

  • Profit margin: 22% (higher than net loss in 3Q 2021).

  • EPS: CN¥0.37 (compared to CN¥0.17 loss in 3Q 2021).

profit and sales growth

All figures in the chart above are for the last 12 months (TTM) period

Full Truck Alliance sales and profits exceed expectations

Revenue beat analyst estimates by 6.7%. Earnings per share (EPS) also beat analyst estimates.

Looking ahead, revenue is expected to grow at an average annual rate of 39% over the next 3 years, compared to a 5.1% growth forecast for the US transportation sector.

Display of American transportation industry.

The company’s share price is largely unchanged from a week ago.

risk analysis

should learn about 2 warning signs We have seen that with the Full Truck Alliance.

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This Simply Wall St article is general in nature. We only comment based on historical data and analyst forecasts using an unbiased methodology and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or your financial situation. We strive to provide you with long-term focused analytics driven by fundamental data. Please note that our analysis may not take into account the latest price sensitive company announcements or quality material. Simply Wall Street has no position in any of the listed stocks.

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