NIO Inc. Reports Unaudited Third Quarter 2019 Financial Results

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Go back to NIO Inc. Reports Unaudited Third Quarter 2019 Financial Results

NIO Inc. (NIO) Extends Gain, Up 64%

December 30, 2019 12:30 PM EST

NIO Inc. (NYSE: NIO) Extends Gain, Up 64%

... More

NIO Inc. (NIO) Tops Q3 EPS by 1c, Offers Q4 Guidance

December 30, 2019 6:40 AM EST

(Updated - December 30, 2019 6:41 AM EST)

NIO Inc. (NYSE: NIO) reported Q3 EPS of ($0.33), $0.01 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $257 million versus the consensus estimate of $230 million.

Deliveries of vehicles were 4,799 in the third quarter of 2019 including 4,196 ES6s and 603 ES8s, compared with 3,553 vehicles delivered in the second quarter of 2019.

CEO and CFO Comments

NIO delivered a total of 4,799 ES8 and ES6 vehicles in the third quarter of 2019, representing a 35.1% increase from the second quarter. The electric vehicle sector experienced... More