News Formal

Li Auto tops earnings estimate as revenue surges

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.

Li Auto shares rose in early electronic trade as the China electric vehicle maker said it swung to a third-quarter profit of 2.81 billion yuan on revenue that more than tripled to 34.68 billion yuan .

Analysts polled by FactSet expected a profit of $317 million on sales of $4.59 billion. Li Auto expects fourth-quarter revenue between 38.46 billion yuan and 39.39 billion yuan , which tops the FactSet estimate of $4.91 billion. Li Auto shares LI, -1.35% rose 3% in premarket trade, and the stock has surged 93% this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia reportedly launching chips for China marketSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
Source: MarketWatch - 🏆 3. / 97 Read more »