For the third quarter of 2022, the Company expects total net revenues to be between RMB16.5 billion (US$2.5 billion) and RMB17.0 billion (US$2.5 billion), representing a decrease of approximately 6.1% to 8.8% from the same quarter of 2021. This forecast considers the potential impact of the recent real estate related policies and measures, the emergence of COVID-19 in certain regions and the corresponding restrictive measures which remains uncertain and may continue to adversely affect the Company’s operations, and the Company’s current and preliminary view on the business situation and market condition, all of which are subject to change.
Penske Automotive Beats Q2 Revenue Estimates, Driven By Strong Auto And Truck Operations
Penske Automotive Group Inc (NYSE:PAG) reported second-quarter FY23 sales growth of 8% year-on-year to $7.47 billion, beating the…
