Hesai Q1 Adjusted Earnings, Revenue Rise; Q2 Revenue Outlook Set

MT Newswires Live

05/19

Hesai (HSAI) reported Q1 adjusted earnings Tuesday of 0.29 renminbi ($0.04) per diluted share, up from 0.06 renminbi a year earlier.

Revenue for the quarter ended March 31 was 680.6 million renminbi, up from 525.3 million renminbi a year earlier.

Analysts polled by FactSet expected 665.8 million renminbi.

The company expects Q2 revenue of about 850 million renminbi to 900 million renminbi. Four analysts surveyed by FactSet expect 859.6 million renminbi.

Shares of the company rose more than 7% in recent Tuesday premarket activity.

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