NIO Q3 Loss Wider Than Expected, Revenues Miss, Q4 View Solid
NIO(NIO) ZACKS·2024-11-21 21:45
NIO Inc. (NIO) incurred a third-quarter 2024 loss per American Depositary Share (ADS) of 36 cents, wider than the Zacks Consensus Estimate of a loss of 32 cents. The company had reported a loss of 37 cents in the year-ago quarter. This China-based electric vehicle maker posted revenues of $2.66 billion, which missed the Zacks Consensus Estimate of $2.70 billion. The top line declined 2.1% from the corresponding quarter of 2023.Key TakeawaysNIO delivered 61,855 vehicles in the third quarter, up 11.5% year ov ...