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Shares of Cango (NYSE:CANG) rose 23.45% in after-market trading after the company reported Q3 results.
Earnings per share rose 1490.91% year over year to $1.75, which beat the estimate of $0.08.
Revenue of $64,061,000 up by 30.35% from the same period last year, which missed the estimate of $65,130,000.
Earnings guidance hasn't been issued by the company for now.
Q4 revenue expected to be between $103,099,000 and $110,463,000.
Conference Call Details
Date: Nov 23, 2020
Time: 08:00 PM
52-week high: $9.82
Company's 52-week low was at $4.20
Price action over last quarter: Up 72.52%
Cango Inc is one of the leading automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services primarily consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.
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