XPeng Q1 Adj EPADS $(0.37) Misses $(0.26) Estimate, Sales $587.31M Miss $741.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
XPeng reported Q1 adjusted EPADS of $(0.37), missing the $(0.26) estimate, and sales of $587.31M, missing the $741.07M estimate. This represents a 32.14% decrease in losses and a 50.06% decrease in sales compared to the same period last year.
May 24, 2023 | 10:03 am
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XPeng's Q1 earnings missed estimates with a 32.14% decrease in losses and a 50.06% decrease in sales compared to the same period last year.
XPeng's Q1 earnings report shows a significant miss in both adjusted EPADS and sales estimates. The company's losses increased by 32.14% and sales decreased by 50.06% compared to the same period last year. This negative performance is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100