Chinese EV Maker Li Auto Q2 Earnings: EPS Beat, 25% Deliveries Growth, Margin Struggles And More
Portfolio Pulse from Anusuya Lahiri
Li Auto Inc reported a mixed fiscal Q2 2024 with a slight revenue miss but an EPS beat. Vehicle deliveries grew by 25.5% year-over-year, but margins declined. The company expects strong Q3 revenue and delivery growth. Despite positive developments, Li Auto's stock has faced challenges, dropping 47% over the past year.
August 28, 2024 | 10:18 am
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Li Auto reported a mixed Q2 2024 with an EPS beat but a slight revenue miss. Vehicle deliveries increased significantly, but margins declined. The company expects strong Q3 growth in revenue and deliveries. Despite positive developments, the stock has dropped 47% over the past year.
Li Auto's Q2 results show a mixed performance with an EPS beat but a revenue miss. The significant increase in vehicle deliveries is positive, but declining margins are a concern. The strong Q3 outlook is promising, but the stock's 47% decline over the past year indicates market challenges. The short-term impact is neutral as positive and negative factors balance each other.
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IMPORTANCE 80
RELEVANCE 100