NIO Q2 EPADS $(0.45) Misses $(0.36) Estimate, Sales $1.21B Miss $1.35B Estimate
Portfolio Pulse from Benzinga Newsdesk
NIO reported Q2 losses of $0.45 per share, missing the analyst consensus estimate of $0.36 by 25%. The company's quarterly sales were $990.90 million, missing the estimate of $1.35 billion by 26.60%. This represents a 125% increase in losses and a 35.53% decrease in sales compared to the same period last year.
August 29, 2023 | 10:16 am
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NIO's Q2 results missed analyst estimates, with increased losses and decreased sales compared to the same period last year.
NIO's Q2 results missed analyst estimates, with losses per share and sales both falling short. This indicates a negative financial performance, which could negatively impact the company's stock price in the short term.
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