Why Uxin Stock Jumped 29% After Third-Quarter Earnings
Shares of Beijing-based online used car dealer Uxin Ltd (NASDAQ: UXIN) surged after the company reported earnings for its fiscal third quarter of 2021 Wednesday morning, rising 29% through 10:35 a.m. EDT.
Most of Wall Street is busy reporting first-quarter 2021 earnings right now, but Uxin is reporting its earnings for its fiscal third quarter of 2021. Moreover, most U.S. companies are currently reporting financial results for the three months ended March 31. Uxin's fiscal third quarter, though, refers to the three months ended Dec. 31, 2020.
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Source Fool.com
