Niu Technologies Expects Q4 Revenue of RMB 490M-RMB612M, Down by 20%-0% YoY Vs $885.51M Est
Portfolio Pulse from Benzinga Newsdesk
Niu Technologies anticipates a decrease in Q4 revenue, expecting to report between RMB 490 million to RMB 612 million, which represents a 20% to 0% decline year-over-year compared to analyst estimates of $885.51 million.
November 20, 2023 | 9:08 am
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Niu Technologies expects a significant drop in Q4 revenue, with projections ranging from a 20% decrease to flat growth YoY, falling short of the $885.51 million estimate.
The projected revenue decline for Niu Technologies is substantial, indicating potential underperformance compared to market expectations. This negative outlook is likely to impact investor sentiment and could lead to a short-term decrease in the stock price.
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IMPORTANCE 90
RELEVANCE 100