07:44 AM EDT, 05/21/2024 (MT Newswires) -- Full Truck Alliance ( YMM ) reported Q1 non-GAAP net income Tuesday of 0.72 Chinese renminbi ($0.10) per diluted American depositary share, up from 0.48 renminbi a year earlier.

Analysts polled by Capital IQ expected 0.49 renminbi.

Revenue for the quarter ended March 31 was 2.27 billion renminbi, up from 1.7 billion renminbi a year earlier.

Four analysts surveyed by Capital IQ expected 2.14 billion renminbi.

For Q2, the commercial freight company said it expects revenue of 2.65 billion renminbi to 2.72 billion renminbi. Three analysts surveyed by Capital IQ expect 2.58 billion renminbi.

Full Truck Alliance ( YMM ) was up 2.4% in recent premarket activity on Tuesday.

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