Li Auto Q3 2024 Adj. EPADS $0.52 Misses $2.31 Estimate, Sales $6.110B Miss $41.665B Estimate
Portfolio Pulse from Benzinga Newsdesk
Li Auto reported its Q3 2024 financial results, with adjusted earnings per ADS of $0.52, missing the estimate of $2.31. Sales were $6.110 billion, also missing the expected $41.665 billion.
October 31, 2024 | 8:32 am
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NEGATIVE IMPACT
Li Auto's Q3 2024 earnings and sales significantly missed analyst expectations, with EPS at $0.52 versus the $2.31 estimate and sales at $6.110 billion versus the $41.665 billion estimate.
The significant miss in both EPS and sales compared to analyst estimates is likely to negatively impact Li Auto's stock price in the short term. Investors often react negatively to such large discrepancies between actual and expected financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100