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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
