NIO Inc. (NIO) Misses Q4 EPS by 19c, Misses on Revenue, Delivers 30,053 EVs; Sees Q2 Deliveries of 54K-56K
NIO Inc. (NYSE: NIO) reported Q1 EPS of (RMB2.39), RMB0.19 worse than the analyst estimate of (RMB2.20). Revenue for the quarter came in at RMB9.91 billion versus the consensus estimate of RMB10.43 billion.
The company delivered 30,053 EVs in Q1.
For the second quarter of 2024, the Company expects:
Deliveries of vehicles to be between 54,000 and 56,000 units, representing an increase of approximately 129.6% to 138.1% from the same quarter of 2023.
Total revenues to be between RMB16,587 million (US$2,297 million) and RMB17,135 million (US$2,373 million), representing an increase of approximately 89.1% to 95.3% from the same quarter of 2023.
For earnings history and earnings-related data on NIO Inc. (NIO) click here.