NIO Q1 Adj EPADS $(0.33) Misses $(0.31) Estimate, Sales $1.37B Miss $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
NIO reported its Q1 financial results, missing both earnings and sales estimates. The company posted an adjusted EPADS of $(0.33), missing the $(0.31) estimate, and sales of $1.37 billion, falling short of the $1.48 billion estimate.
June 06, 2024 | 10:13 am
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NEGATIVE IMPACT
NIO's Q1 financial results missed both earnings and sales estimates, which is likely to negatively impact the stock price in the short term.
NIO's Q1 adjusted EPADS of $(0.33) missed the $(0.31) estimate, and sales of $1.37 billion missed the $1.48 billion estimate. Such misses typically lead to a negative market reaction, causing a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100