CORRECTION: 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%. This is a 125% increase in losses from the same period last year. The company also reported quarterly sales of $1.21 billion, missing the analyst consensus estimate of $1.35 billion by 10.44%. This is a 21.34% decrease in sales from the same period last year.
August 29, 2023 | 10:20 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
NIO's Q2 results missed estimates, with increased losses and decreased sales compared to the same period last year. This could negatively impact the company's stock price in the short term.
NIO's Q2 results missed analyst estimates, with losses increasing by 125% and sales decreasing by 21.34% compared to the same period last year. This underperformance could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100