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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
