Categories AlphaGraphs, Earnings, Industrials, LATEST
Infographic: Highlights of NIO’s Q3 2020 earnings report
Automotive company NIO Inc. (NYSE: NIO) reported a net loss for the third quarter of 2020, despite a sharp increase in revenues. The company’s stock dropped on Tuesday evening soon after the announcement.
The China-based electric vehicle maker incurred a loss of RMB0.82 per ADS ($0.12 per ADS) in the September-quarter, on an adjusted basis, compared to a loss of RMB2.38 per ADS in the same period of last year. Analysts were expecting a wider loss.
The reported net loss was RMB1.19 billion ($175 million) or RMB0.98 per ADS ($0.14 per ADS), compared to a loss of RMB2.55 billion or RMB2.48 per ADS in the third quarter of 2019.
Read analysts/managements’ comments on NIO’s Q3 results
Meanwhile, total revenues more than doubled to RMB4.53 billion ($666.6 million) in the third quarter and beat the estimates.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Tyson Foods (TSN) Q2 2024 Earnings: Key financials and quarterly highlights
Tyson Foods, Inc. (NYSE: TSN) reported second quarter 2024 earnings results today. Sales dipped slightly to $13.07 billion from $13.1 billion in the same period a year ago. Net income
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its
