Categories AlphaGraphs, Earnings, Industrials
Earnings Infographic: Highlights of Nio’s Q2 2023 financial results
Electric car maker NIO Inc. (NYSE: NIO) reported a net loss for the second quarter of 2023 when the China-based company’s revenues declined by double digits.
Net loss attributable to ordinary shareholders was $844.3 million in the June quarter, which represents a loss of $0.51 per American Depository Shares. On an adjusted basis, the second-quarter net loss was $0.45 per American Depository Shares.
The bottom line was negatively impacted by a 15% fall in revenues to $1.22 billion in the second quarter. The company delivered 23,520 vehicles during the three-month period, down 6% year-over-year.
“NIO delivered 23,520 vehicles in the second quarter of 2023. In July 2023, NIO delivered 20,462 vehicles, representing a substantial increase of 103.6% year-over-year, which propelled NIO to the top position in China’s premium electric vehicle market for vehicles priced above RMB300,000,” said Nio’s CEO William Bin Li.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
