Full Truck Alliance's stock surged 5.6% in the pre-market trading session on Wednesday, driven by the company's impressive third-quarter 2024 earnings results and positive guidance for the fourth quarter.

The logistics platform provider reported non-GAAP earnings per share of $0.17 for Q3 2024, beating estimates by $0.02. Revenue came in at $432 million, up 33.9% year-over-year and surpassing expectations by $43.29 million. For Q4 2024, the company expects total net revenues between RMB2.94 billion and RMB3.00 billion, reflecting a year-over-year growth rate of approximately 22.3% to 24.8%.

Full Truck Alliance's strong financial performance and upbeat outlook have boosted investor confidence. As of September 30, 2024, the company had a solid cash position of $3.9 billion in total, including cash and cash equivalents, restricted cash, short-term investments, long-term time deposits, and wealth management products with maturities over one year.