XPeng Q1 2024 Adj EPS RMB(1.49) Beats RMB(1.94) Estimate, Sales RMB6.548B Beat RMB6.165B Estimate
Portfolio Pulse from Benzinga Newsdesk
XPeng reported its Q1 2024 financial results, with adjusted EPS of RMB(1.49) beating the estimate of RMB(1.94) and sales of RMB6.548 billion surpassing the estimate of RMB6.165 billion.
May 21, 2024 | 9:33 am
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XPeng's Q1 2024 financial results exceeded expectations, with adjusted EPS of RMB(1.49) beating the estimate of RMB(1.94) and sales of RMB6.548 billion surpassing the estimate of RMB6.165 billion.
XPeng's better-than-expected earnings and sales figures are likely to positively impact its stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100