Why EHang Holdings Stock Crushed the Market Today

A surprise profit on the bottom line helped lift the drone company's U.S.-listed equity sharply higher.EHang Holdings (EH 16.44%) was flying high as the trading week came to a close. On Thursday, its American depositary receipts (ADRs) blew up on the stock market, rising to book a more-than 16% price gain on the day. It was little wonder, as the Chinese aerial-vehicle company posted a surprise net-income figure in its latest-reported quarter. By contrast, the S&P 500 index was grounded, posting a decline of ...