XPeng Q1 Adj. EPADS $(0.21) Beats $(0.27) Estimate, Sales $906.90M Beat $867.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
XPeng (NYSE:XPEV) reported better-than-expected Q1 results with an adjusted loss per ADS of $(0.21), beating the $(0.27) estimate, and sales of $906.90 million, surpassing the $867.33 million estimate. Both metrics showed significant year-over-year improvement.
May 21, 2024 | 10:09 am
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XPeng reported Q1 adjusted losses of $(0.21) per ADS, beating the $(0.27) estimate, and sales of $906.90 million, surpassing the $867.33 million estimate. Both metrics showed significant year-over-year improvement.
XPeng's better-than-expected earnings and sales figures, along with significant year-over-year improvements, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100