🟢 U is trading 4% up today on a preliminary Q1 revenue beat and potential $1B+ China unit sale

U is trading at $20.30 (+4.35%) on continued momentum from a preliminary Q1 revenue beat and reports of a potential $1B+ sale of its China business.

• Preliminary Q1 revenue is expected at $505-$508M, exceeding prior guidance of $480-$490M, while Adjusted EBITDA is projected at $130-$135M (up 58% YoY).
• The stock has risen sharply from its $17.13 level on March 26, building on a 13.54% gain on March 27 amid a broader market recovery.