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NIO Q3 Earnings: 11.6% Gain In Vehicle Deliveries, Margins Improve, Issues Robust Q4 Delivery Outlook
Summary
NIO reported Q3 revenue of 18.67 billion yuan, down 2.1% YoY but up 7.0% QoQ. Adjusted loss per share was (2.14) yuan. Deliveries were up and gross margin expanded. Company expects record Q4 deliveries and revenue growth. Stock down 45% YTD due to industry challenges and tariffs.
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Read Full ArticleArticle published on November 20, 2024 by benzinga