09:53 AM EST, 03/05/2025 (MT Newswires) -- (Updates with additional details in the seventh paragraph and the latest stock movement in the headline and first paragraph.)

Full Truck Alliance ( YMM ) shares rose more than 10% in recent Wednesday early trading after it posted higher Q4 non-GAAP earnings and net revenue from a year earlier.

The company reported Q4 non-GAAP earnings of 0.99 Chinese renminbi ($0.14) per diluted American depositary share, up from 0.69 renminbi a year earlier.

Two analysts surveyed by FactSet expected 1.01 renminbi.

Net revenue for the quarter ended Dec. 31 was 3.17 billion renminbi, up from 2.41 billion renminbi a year earlier.

Analysts polled by FactSet expected 2.99 billion renminbi.

For Q1, the company expects net revenue of 2.63 billion renminbi to 2.68 billion renminbi. Analysts' estimates were not readily available for comparison.

Additionally, Full Truck Alliance ( YMM ) said its board has extended its stock buyback plan through March 12, 2026, under which the company may repurchase up to $200 million of its ADSs and/or ordinary shares, which it anticipates funding through its current cash balance.

Price: 13.00, Change: +1.33, Percent Change: +11.35