NIO Inc. (NIO) Misses Q4 EPS by 7c, Offers Q1 Guidance

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Nio (NIO) Falls 5% After Reporting Wider Loss and Slashing Q2 Production Amid Chip Shortage

March 2, 2021 6:25 AM EST

EV maker NIO's (NYSE: NIO) stock price trades nearly 5% lower in pre-market Tuesday after the company reported a fourth-quarter loss of 0.93 yuan ($0.14) per share to miss on the 0.39 expected from analysts.

For the current quarter, the company said it expects to see total revenue between 7.38 billion and 7.56 billion yuan, representing a jump of about 10% compared to the 6.64 billion yuan reported for the past quarter.

NIO concluded a transformational... More