EHang Gains on Mulling Listing Outside of US; Trip.com Drops on Q1 Earnings Miss; Yalla Plunges on Weak Guidance
The Nasdaq-listed Chinese producer of electric aircraft EHang Holdings is "actively exploring different alternatives" for a secondary listing outside of the US. The shares gained 3.2% in premarket trading.
Trip.com reported first-quarter revenue of $1.91 billion, in line with analyst estimates. The travel service provider reported first-quarter adjusted earnings per ADS of 82 cents, missing estimates of 86 cents. The shares dropped 3.3% in premarket trading.
Yalla Group, the largest Middle East and North Africa-based online social networking and gaming company, reported first-quarter earnings that beat expectations but saw its shares tumble 9.1% due to weak guidance for the second quarter.
Arbe Robotics and NEBIUS shares both jumped about 6%, while Pony AI gained 3% in premarket trading ahead of thier rarnings.
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