NIO Inc. (NIO) Misses Q4 EPS by RMB 47c, Misses on Revenue, Delivers 50,045 EVs; Offers Q1 Outlook

NIO Inc. (NYSE: NIO) reported Q4 EPS of (RMB2.81), RMB0.47 worse than the analyst estimate of (RMB2.34). Revenue for the quarter came in at RMB17.1 billion versus the consensus estimate of RMB18.16 billion.

OutlookFor the first quarter of 2024, the Company expects:

• Deliveries of vehicles to be between 31,000 and 33,000 vehicles, representing a decrease of approximately 0.1% to an increase of approximately 6.3% from the same quarter of 2023.
• Total revenues to be between RMB10,499 million (US$1,479 million) and RMB11,087 million (US$1,562 million), representing a decrease of approximately 1.7% to an increase of approximately 3.8% from the same quarter of 2023.

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

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