Li Auto shares are trading lower after the company reported better-than-expected Q3 financial results but issued less-than-expected Q4 revenue outlook.
Portfolio Pulse from Benzinga Newsdesk
Li Auto shares declined despite reporting better-than-expected Q3 results due to a disappointing Q4 revenue outlook.
October 31, 2024 | 10:46 am
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Li Auto's stock is trading lower after the company reported strong Q3 financial results but provided a weaker-than-expected Q4 revenue outlook.
The decline in Li Auto's stock price is attributed to the company's Q4 revenue outlook, which fell short of expectations, overshadowing the better-than-expected Q3 results. Investors are likely concerned about future growth prospects, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100