NIO Inc. Reports Unaudited First Quarter 2020 Financial Results
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NIO Inc. (NIO) Tops Q1 EPS by 4c, Revenues Miss; Offers 2Q Revenues Outlook Above Consensus
May 28, 2020 6:10 AM EDTNIO Inc. (NYSE: NIO) reported Q1 EPS of ($0.22), $0.04 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $193.8 million versus the consensus estimate of $234.1 million.
Financial Highlights for the First Quarter of 2020
Vehicle sales were RMB1,255.6 million (US$177.3 million) in the first quarter of 2020, representing a decrease of 53.2% from the fourth quarter of 2019 and a decrease of 18.2% from the same quarter of 2019.Vehicle marginii was negative 7.4%, compared with negative 6.0% in the fourth quarter of 2019 and negative 7.2% in the same quarter of 2019.Total revenues were RMB1,372.0 million... More