Nio Inc. (NYSE: NIO) reported second quarter 2020 earnings results today.
Total revenues increased 146.5% year-over-year to RMB3,718.9 million ($526.4 million).
Net loss attributable to Nio’s ordinary shareholders was RMB1,207.8 million ($171 million), down 63.6% year-over-year. Adjusted net loss was RMB1,131 million ($160.1 million).
Net loss per American Depositary Share was RMB1.15 ($0.16). Adjusted net loss per ADS was RMB1.08 ($0.15).
For the third quarter of 2020, the company expects total revenues to be between RMB4,047.5 million ($572.9 million) and RMB4,212.3 million ($596.2 million), representing an increase of approx. 120.4% to 129.3% year-over-year.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was