Trending: CATL Shares Rise After Strong Quarterly Results
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Dow Jones
0602 GMT - Contemporary Amperex Technology Co. is one of the most mentioned companies in the news over the past eight hours, according to Factiva data, as investors cheer its first-quarter earnings, reported late Thursday. CATL said that net profit rose to 9.82 billion yuan ($1.43 billion) in the three months to March 31, up sharply from CNY1.49 billion in the same period last year. Revenue nearly doubled for Tesla Inc.'s battery supplier. Shenzhen shares rose by as much as 4.8% on Friday and were last up 2.5%. Dow Jones & Co. owns Factiva. (jacques.vanwersch@dowjones.com)
(END) Dow Jones Newswires
April 21, 2023 02:17 ET (06:17 GMT)
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