Nio Stock Dips After Q2 Results Trail Estimates, EV Maker Eyes Q3 Rebound In Deliveries And Sales
Portfolio Pulse from Shanthi Rexaline
Chinese electric vehicle startup Nio, Inc. reported Q2 revenue and bottom line results that trailed the consensus forecast, reflecting a decline in vehicle sales and margin contraction amid a tough pricing environment. The company's stock was down 2.36% in premarket trading. However, Nio is guiding to strong growth in deliveries and revenue for Q3.
August 29, 2023 | 11:07 am
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Nio's Q2 results were below estimates, leading to a 2.36% dip in premarket trading. However, the company expects strong growth in Q3.
Nio's Q2 results were below expectations, leading to a dip in its stock price. However, the company's guidance for strong growth in Q3 could potentially offset this negative impact in the short term.
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