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.

Nio, Inc. Q2 2023 earnings infographic

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

Mattel (MAT): A look at the toymaker’s expectations for the year

Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism

Earnings Preview: Paychex likely to report higher Q1 revenue and profit

Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has

DRI Earnings: Key quarterly highlights from Darden Restaurants’ Q1 2024 financial results

Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were

Add Comment
Viewing Highlight