NIO Q3 Revenue Outlook $2.61B - $2.69B Vs. $2.44B Estimate, Vehicle Deliveries 55K - 57K
Portfolio Pulse from Benzinga Newsdesk
NIO Inc. has projected its Q3 2023 revenue to be between $2.61B and $2.69B, surpassing the $2.44B estimate. The company also expects vehicle deliveries to range from 55,000 to 57,000, marking a 74.0% to 80.3% increase from Q3 2022.
August 29, 2023 | 10:19 am
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POSITIVE IMPACT
NIO's projected Q3 2023 revenue and vehicle deliveries surpass estimates, indicating potential growth.
NIO's projected increase in revenue and vehicle deliveries for Q3 2023 surpasses estimates, which could lead to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100