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- Full Truck Alliance Co Ltd YMM reported third-quarter FY22 sales growth of 45.7% year-on-year to $254.24 million, beating the consensus of $234.11 million.
- The gross transaction value (GTV) increased 3.5% to RMB69.6 billion ($9.8 billion).
- Fulfilled orders in Q3 fell 5.4% to 33.5 million and average shipper MAU climbed 15.2% to 1.85 million.
- General and administrative expenses rose 8.75% to RMB206.6 million ($29.0 million).
- The operating margin was 7.8%, and operating income for the quarter was RMB141.7 million ($19.9 million).
- The company held $3.8 billion in cash and equivalents as of September 30, 2022.
- Adjusted EPS of $0.07 beat the analyst consensus of $0.02.
- Outlook: Full Truck sees Q4 revenue of RMB1.79 billion – RMB1.88 billion, a growth of 25.2% – 31.5%.
- Price Action: YMM shares closed lower by 0.81% at $6.14 on Tuesday.
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