Niu Technologies (NIU) Tops Q4 EPS by 2c

Niu Technologies (NASDAQ: NIU) reported Q4 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $103 million versus the consensus estimate of $95.2 million.

Business Outlook:
NIU expects revenues of the first quarter 2021 to be in the range of RMB 420 million to RMB 478 million, representing a year-over-year increase of 80% to 105%. NIU expects the sales volume for full year 2021 to be in the range of 0.9 million to 1.1 million units, representing a year-over-year increase of 50% to 83%.

The above outlook is based on information available as of the date of this press release and reflects the Company’s current and preliminary expectation, which is subject to change in light of uncertainties and situations related to how COVID-19 develops.

For earnings history and earnings-related data on Niu Technologies (NIU) click here.

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