Why Dada Nexus Is Soaring 30% Higher Today

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.

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Source Fool.com