AstraZeneca reports, Li Auto earnings, Tapestry: 3 things to watch
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Bank of America reiterates Buy on Li Auto (LI) following 3Q beat
November 10, 2023 8:58 AM ESTBank of America Global Research reiterated a Buy rating on Li Auto (NASDAQ: LI) and raised their 12-month price target on the stock to $62.00 (from $61.00) after the electric automaker reported their 3Q earnings results.
Li Auto announced its third-quarter 2023 results, reporting a revenue of RMB34.B. A significant increase of 271% compared to the same period last year and a 21% growth from the previous quarter. The gross margin saw a rise to 22%, up... More
Geely's Zeekr inches closer to U.S. IPO, may file this week
November 9, 2023 10:34 AM ESTReuters reports Thursday, citing unnamed sources, that Chinese automaker Geely's premium electric car brand, Zeekr, is set to publicly release details of its plans this week to list shares on the New York stock exchange (NYSE).
According to the sources, Zeekr will reveal its prospectus, and soon after, its shares might start trading on the stock exchange.
Zeekr filed for a... More
Li Auto (LI) up in pre-market following 3Q beat
November 9, 2023 8:43 AM ESTShares of Chinese electric vehicle company, Li Auto (NASDAQ: LI) jumped nearly 2.5% during pre-market trading Thursday following the release of a promising 3Q report. The electric automaker exceeded expectations, reporting an EPS of RMB3.29, surpassing the projected RMB2.77 by RMB0.52.
Revenue for the quarter came in at RMB34.68 billion versus the consensus estimate of RMB32.54 billion.
Total vehicle deliveries for the quarter... More
