Xpeng shares are trading lower after the company reported worse-than-expected Q1 financial results, issued Q2 revenue guidance below estimates and said it sees a year-over-year decrease in Q2 vehicle deliveries.
Portfolio Pulse from Benzinga Newsdesk
Xpeng reported worse-than-expected Q1 financial results and issued Q2 revenue guidance below estimates, expecting a year-over-year decrease in Q2 vehicle deliveries.
May 24, 2023 | 12:22 pm
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NEGATIVE IMPACT
Xpeng shares are trading lower due to worse-than-expected Q1 financial results and lower Q2 revenue guidance, along with a decrease in Q2 vehicle deliveries.
Xpeng's worse-than-expected Q1 financial results and lower Q2 revenue guidance indicate a weaker financial performance, which is likely to negatively impact the stock price in the short term. The expected decrease in Q2 vehicle deliveries further adds to the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100