XPeng Q2 2024 Adj. EPADS RMB(1.29) Misses RMB(1.26) Estimate, Sales RMB8.111B Miss RMB8.207B Estimate
Portfolio Pulse from Benzinga Newsdesk
XPeng reported its Q2 2024 financial results, missing both earnings and sales estimates. The adjusted earnings per ADS were RMB(1.29), below the expected RMB(1.26), and sales were RMB8.111 billion, missing the RMB8.207 billion estimate.
August 20, 2024 | 9:32 am
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NEGATIVE IMPACT
XPeng's Q2 2024 financial results missed both earnings and sales estimates, with adjusted EPADS at RMB(1.29) and sales at RMB8.111 billion.
XPeng's financial performance in Q2 2024 was below market expectations, which is likely to negatively impact its stock price in the short term. Missing both earnings and sales estimates can lead to decreased investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100