NIO Inc. (NIO) Tops Q3 EPS by 5c, Offers Q4 Guidance

NIO Inc. (NYSE: NIO) reported Q3 EPS of ($0.12), $0.05 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $666.6 million versus the consensus estimate of $655.28 million.

• Quarterly Deliveries of the ES8, ES6 and EC6 were 12,206 vehicles

GUIDANCE:

NIO Inc. sees Q4 2020 revenue of $921.8-947.9 million, versus the consensus of $805.66 million.

• Deliveries of the vehicles to be between 16,500 and 17,000 vehicles, representing an increase of approximately 100.6% to 106.7% from the same quarter of 2019, and an increase of approximately 35.2% to 39.3% from the third quarter of 2020.
• Total revenues to be between RMB6,258.7 million (US$921.8 million) and RMB6,435.8 million (US$947.9 million), representing an increase of approximately 119.7% to 126.0% from the same quarter of 2019, and an increase of approximately 38.3% to 42.2% from the third quarter of 2020.

For earnings history and earnings-related data on NIO Inc. (NIO) click here.

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