Li Auto Sales Surge More Than 200%. The Stock Is Rising.

2 years ago 312

Investors should beryllium pleased with third-quarter numbers from Chinese electrical conveyance shaper Li Auto. The banal was rising much than 6% successful premarket trading and determination isn’t overmuch to kick astir from Monday’s results.

Li Auto (ticker: LI) reported adjusted net of 5 cents a stock from $1.21 cardinal successful sales. Wall Street was looking for a 3-cent nonaccomplishment from $1.13 cardinal successful sales. At this point, net are little important that income for Li. The institution is inactive increasing rapidly. Sales successful the 3rd 4th roseate much than 209%...

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