NIO Inc. (NIO) Tops Q1 EPS by 12c, Misses on Revenue, Delivers 31K Vehicles

NIO Inc. (NYSE: NIO) reported Q1 EPS of (RMB2.51), RMB0.12 better than the analyst estimate of (RMB2.63). Revenue for the quarter came in at RMB10.68 billion versus the consensus estimate of RMB11.93 billion. For the quarter the company delivered 31,041 vehicles.

For Q2 the company guides:

Deliveries of vehicles to be between 23,000 and 25,000 vehicles, representing a decrease of approximately 8.2% to 0.2% from the same quarter of 2022.
Total revenues to be between RMB8,742 million (US$1,273 million) and RMB9,370 million (US$1,364 million), representing a decrease of approximately 15.1% to 9.0% from the same quarter of 2022.

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

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