NIU Expects 3Q23 Revenues Of RMB 1.153B-RMB 1.326B
Portfolio Pulse from Benzinga Newsdesk
NIU Technologies expects its revenues for the third quarter of 2023 to be between RMB 1,153 million and RMB 1,326 million, representing a year-over-year increase of 0% to 15%.
August 14, 2023 | 7:34 am
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NIU Technologies expects a 0% to 15% YoY increase in its 3Q23 revenues, which are forecasted to be between RMB 1,153 million and RMB 1,326 million.
The company's projected increase in revenues indicates a positive financial outlook, which could potentially lead to a rise in its stock price. However, the range of the forecast (0% to 15%) suggests some uncertainty, which might moderate the impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100