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
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
