Shares of Full Truck Alliance Co. Ltd. (YMM), a digital freight platform, are rising more than 15% Monday morning after reporting better-than-expected third-quarter results.
Net income in the third quarter was RMB618.4 million or $84.8 million, an increase of 56.4% from RMB395.5 million in the same period a year ago. Net income per ADS was RMB0.58 or $0.08, up from RMB0.37 last year.
Excluding one-time items, earnings per ADS was RMB0.78 or $0.11, that beat the average estimate of analysts polled by Thomson-Reuters of $0.08 per share.
Revenue for the quarter increased 25.2% to RMB2.264 billion or $310.3 million. The consensus estimate was for $300.18 million.
YMM, currently at $8.07, has traded in the range of $5.41 - $10.18 in the last 1 year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.