Report
Geely's third-quarter profit rises 28% but misses estimates
Bloomberg reports that surging exports helped lift sales and profit, though trade hurdles cloud the outlook for overseas sales.
TLDR
Caixin Global reports that Geely’s third-quarter net profit rose 28% to 4.8 billion yuan, below analyst estimates of 5.5 billion to 6 billion yuan. Bloomberg reports that surging exports helped offset fierce competition in China, but fresh trade hurdles threaten future sales abroad and investors remain concerned about the outlook in Geely’s main export markets.
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