Li Auto Q3 Earnings: 24% Topline Growth, 1 Million Deliveries Milestone, Q4 Revenue Outlook Lags Street View
Portfolio Pulse from Anusuya Lahiri
Li Auto reported a 23.6% increase in Q3 revenue, surpassing analyst expectations. Despite beating earnings estimates, the stock fell due to a lower-than-expected Q4 revenue outlook. Li Auto achieved a milestone of one million vehicle deliveries and expects Q4 deliveries to rise significantly. The stock has dropped 23% year-to-date amid economic challenges.
October 31, 2024 | 10:28 am
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Li Auto's Q3 earnings exceeded expectations with a 23.6% revenue increase and higher net earnings per ADS. However, the stock fell due to a Q4 revenue outlook below analyst consensus. Despite achieving a milestone of one million vehicle deliveries, the stock is down 23% year-to-date.
Li Auto's strong Q3 performance with revenue and earnings beating expectations was overshadowed by a disappointing Q4 revenue outlook, leading to a stock price decline. The achievement of one million vehicle deliveries is a positive milestone, but the stock's year-to-date decline reflects broader economic challenges.
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