Li Auto's Q2: 228% Topline Growth, Surpasses Monthly Delivery Benchmark In June
Portfolio Pulse from Anusuya Lahiri
Li Auto Inc reported Q2 FY23 sales growth of 228.1% YoY to $3.95 billion, beating the consensus of $3.81 billion. Vehicle sales increased 229.7% to $3.86 billion, mainly due to the increase in vehicle deliveries. The company delivered 86,533 units in Q2, a 201.6% YoY increase. For Q3 FY23, Li Auto expects revenue of $4.46 billion - $4.59 billion, representing an increase of 246.0% - 256.4% YoY. However, LI shares traded lower by 4.12% in premarket.
August 08, 2023 | 12:26 pm
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Despite strong Q2 results and positive Q3 outlook, Li Auto's shares traded lower in premarket.
Li Auto reported strong Q2 results, beating consensus estimates and showing significant YoY growth. The company also provided a positive outlook for Q3. However, despite these positive indicators, the company's shares traded lower in premarket, indicating a potential short-term negative impact on the stock price.
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