NIO Stock Falls After Q1 Earnings - Here's Why
Portfolio Pulse from Anusuya Lahiri
NIO Inc reported Q1 FY23 sales growth of 7.7% YoY, missing consensus estimates. Vehicle deliveries increased 20.5% YoY but declined 22.5% QoQ. Vehicle sales and margins contracted, and the company's loss from operations widened. NIO expects Q2 vehicle deliveries to decrease YoY.
June 09, 2023 | 10:40 am
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NEGATIVE IMPACT
NIO's Q1 sales growth missed estimates, and vehicle deliveries declined QoQ. The company expects a YoY decrease in Q2 vehicle deliveries, causing the stock to fall.
NIO's Q1 sales growth missed consensus estimates, and vehicle deliveries declined QoQ. The company's outlook for Q2 vehicle deliveries shows a YoY decrease, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100