NIO Swings to Q2 Adjusted Earnings, Revenue Increases
MT Newswires Live
5 hours ago
NIO (NIO) reported Q2 adjusted earnings Tuesday of 0.01 Chinese renminbi ($0.00) per diluted American Depositary Share, swinging from a loss of 1.85 renminbi a year earlier.
Three analysts polled by FactSet expected a loss of 0.22 renminbi.
Revenue for the quarter ended June 30 was 32.14 billion renminbi, up from 19.01 billion renminbi a year earlier.
Three analysts expected 32.58 billion renminbi.
For Q3, the company expects revenue of 33.29 billion renminbi to 34.05 billion renminbi. Analysts expect 36.01 billion.
Shares of the company were down 3.8% in recent premarket activity.
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