Investors should be pleased with third-quarter numbers from Chinese electric vehicle maker Li Auto. The stock was rising more than 6% in premarket trading and there isn’t much to complain about from Monday’s results.
Li Auto (ticker: LI) reported adjusted earnings of 5 cents a share from $1.21 billion in sales. Wall Street was looking for a 3-cent loss from $1.13 billion in sales. At this point, earnings are less important that sales for Li. The company is still growing rapidly. Sales in the third quarter rose more than 209%...
"auto" - Google News
November 29, 2021 at 04:33PM
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Li Auto Stock Rises After Third-Quarter Sales Surge More Than 200% - Barron's
"auto" - Google News
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