NIO Q1 Earnings Miss Expectations, Revenues Decline Y/Y
NIO(NIO) ZACKS·2024-06-07 20:21
NIO Inc. (NIO) incurred a loss per American Depositary Share of 36 cents in the first quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 31 cents. The company had reported a loss of 42 cents in the year-ago quarter.This China-based electric vehicle maker posted revenues of $1.37 billion, which missed the Zacks Consensus Estimate of $1.48 billion and fell 12.2% year over year due to lower delivery volumes.Key DetailsNIO delivered 30,053 vehicles in the first quarter, down 3.2% year over ye ...