Full Truck Alliance and Nordic American Tankers Beat Expectations, Vertical Aerospace Expands to South Korea's Thriving Market
- May 22nd, 2023
- 516 views
Full Truck Alliance Co. Ltd. (NYSE: YMM) continues to impress investors as it surpasses market expectations with its remarkable revenue and profit growth during the first quarter of 2023. The company reported an EPS of $0.07, outperforming the consensus estimate of $0.05.
In pre-market, $YMM is currently trading at $6.14, experiencing a positive gain of $0.28 (+4.78%).
Meanwhile, Nordic American Tankers Limited (NYSE: NAT) has also released its Q1 2023 earnings report, surpassing the consensus estimate. The company reported an EPS of $0.22, exceeding the anticipated $0.20.
During pre-market trading, $NAT is trading at $3.79, reflecting a gain of $0.09 (+2.43%).
In other news, Vertical Aerospace Ltd. (NYSE: EVTL) made an exciting announcement regarding a significant customer order. Kakao Mobility has pre-ordered up to 50 of Vertical Aerospace's VX4 aircraft, marking South Korea as one of Vertical's customer launch markets. This development expands Vertical's customer base to include a country known for its robust economy and globally renowned technology companies.
Given South Korea's prominence, particularly in regions like Seoul and Busan, the Urban Air Mobility (UAM) market potential is expected to be significant.
$EVTL is currently trading at $1.92 in pre-market, experiencing a positive gain of $0.09 (+4.92%) following the announcement.
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