NIO Inc. (NIO) Tops Q2 EPS by 8c, Offers Q3 Guidance
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Nio's (NIO) Sales Surged 127% in Q2, Working on a New Mass-market Brand to Take on Tesla (TSLA), Volkswagen (VWAGY), and Toyota (TM), Analyst Lowers PT on Conservative Guidance
August 12, 2021 6:28 AM EDTShares of Nio (NYSE: NIO) are trading modestly higher in pre-open Thursday after the Chinese electric vehicle (EV) company topped analyst estimates for the second quarter.
Nio posted a 0.42 yuan ($0.07) per share loss in Q2, much lower than the expected loss of 0.68 yuan per share. This compared to a 1.15 yuan loss per share recorded a year ago.
Sales also delivered a beat after soaring 127.2% on a YoY basis to 8.45 billion yuan ($1.31 billion), higher than the 8.32 billion yuan expected.
Nio so far offers 3 models - all SUVs. The... More
