NIO reports greater-than-expected loss, revenue miss for Q3
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NIO Inc reported a greater-than-expected loss and revenue miss for Q3, leading to a decline in its share price. The company posted a net loss of 5.14 billion yuan, exceeding both last year's loss and Wall Street's expectations.
November 20, 2024 | 3:00 pm
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NIO Inc reported a Q3 net loss of 5.14 billion yuan, exceeding both last year's loss and Wall Street's expectations, leading to a decline in its share price.
NIO's reported net loss for Q3 was significantly higher than expected, which typically results in a negative market reaction. The miss on both earnings and revenue suggests potential operational challenges, impacting investor sentiment negatively.
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