Li Auto Q1 2024 Adj EPS RMB0.60 Misses RMB2.50 Estimate, Sales RMB25.634B Miss RMB26.729B Estimate
Portfolio Pulse from Benzinga Newsdesk
Li Auto reported its Q1 2024 financial results, missing both earnings and sales estimates. The adjusted EPS was RMB0.60, falling short of the RMB2.50 estimate, and sales were RMB25.634 billion, below the RMB26.729 billion estimate.
May 20, 2024 | 8:37 am
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Li Auto's Q1 2024 financial results missed both earnings and sales estimates. The adjusted EPS was RMB0.60, significantly below the RMB2.50 estimate, and sales were RMB25.634 billion, missing the RMB26.729 billion estimate.
The significant miss on both earnings and sales estimates is likely to negatively impact Li Auto's stock price in the short term. Investors typically react unfavorably to such earnings misses, especially when both key financial metrics fall short of expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100