What's Going On With Nio Stock This Week?
Portfolio Pulse from Adam Eckert
NIO Inc's shares have been trending lower after reporting Q2 earnings that missed estimates. The company reported a revenue of $1.21 billion, missing the consensus estimate of $1.35 billion, and a quarterly loss of 45 cents per ADS, missing estimates for a loss of 36 cents per ADS. Vehicle deliveries in the quarter totaled 23,520, down 24% sequentially and 6% YoY. Several analysts lowered price targets following the results. However, NIO provided optimistic guidance for Q3, expecting revenue of $2.61 billion to $2.69 billion and deliveries between 55,000 and 57,000.

August 31, 2023 | 1:12 pm
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NIO's stock has been negatively impacted by its Q2 earnings miss. However, the company's optimistic Q3 guidance may help to stabilize the stock.
NIO's Q2 earnings miss has led to a decrease in its stock price. However, the company's optimistic Q3 guidance, if met, could help to stabilize the stock in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100