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.

NIO Q3 2020 earnings infographic

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.

  • Nio Q1 2020 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Key highlights from Hormel Foods’ (HRL) Q1 2024 earnings results

Hormel Foods Corporation (NYSE: HRL) reported first quarter 2024 earnings results today. Net sales were $3 billion, up 1% from the same period last year. Net earnings attributable to Hormel

HP Earnings: All you need to know about HP Inc.’s Q1 2024 earnings results

HP Inc. (NYSE: HPQ) reported first quarter 2024 earnings results today. Net revenue of $13.2 billion was down 4.4% from the same period a year ago. GAAP net earnings were

CRM Earnings: Salesforce Q4 2024 profit and revenue beat estimates

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) reported higher earnings and revenues for the fourth quarter of 2024. The results also topped expectations. Fourth-quarter profit, excluding non-recurring items, increased

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top