Cango Inc. (CANG) Tops Q3 EPS by $1.67

Cango Inc. (NYSE: CANG) reported Q3 EPS of $1.75, $1.67 better than the analyst estimate of $0.08. Revenue for the quarter came in at $64.1 million versus the consensus estimate of $65.13 million.

Outlook:

For the fourth quarter of 2020, the Company expects total revenues to be between RMB700 million and RMB750 million. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.

The Company's investment in Li Auto and the change in fair value of investment due to the price volatility of the stock may have a significant impact on the Company's fourth quarter financial results.

For earnings history and earnings-related data on Cango Inc. (CANG) click here.

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