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Why Dada Nexus Is Soaring 30% Higher Today

TheMotleyFool

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Why Dada Nexus Is Soaring 30% Higher TodayPhoto, wide shot, wide-angle lens, Logistics company, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a16a79c7-f73c-405d-ba63-e8d69b66ce4e.png

Shares of Dada Nexus (NASDAQ: DADA) are soaring nearly 30% higher in morning trading Friday, after the Chinese delivery logistics and retail platform operator reported third-quarter earnings following Thursday's market close.

The market's reaction to the report seems to be the polar opposite of what occurred after Dada Nexus reported its second-quarter results, which were nearly as strong as those recorded this time around. Back then, though, it appeared the delivery specialist's outlook for the third quarter was underwhelming.

Image source: Getty Images.

Source Fool.com

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