NIO Inc. Reports Unaudited Second Quarter 2019 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
NIO Inc. (NIO) Misses Q2 EPS by 27c, Revenues Beat; Offers Q3 Revenue Outlook Below Consensus
September 24, 2019 5:43 AM EDTNIO Inc. (NYSE: NIO) reported Q2 EPS of ($0.45), $0.27 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $219.7 million versus the consensus estimate of $184.6 million.
Financial Highlights for the Second Quarter of 2019
Vehicle sales were RMB1,414.5 million (US$206.1 million) in the second quarter of 2019, representing a decrease of 7.9% from the first quarter of 2019.Vehicle margin2 was negative 24.1%, compared with negative 7.2% in the first quarter of 2019. Excluding accrued recall costs, vehicle margin in the second quarter was negative 4.0%.Total revenues were RMB1,508.6 million (US$219.7 million) in the... More