NIO Inc. (NYSE: NIO) reported first quarter 2023 earnings results today.
Total revenues were $1.55 billion, up 7.7% from the same period a year ago.
Net loss attributable to ordinary shareholders was $699.5 million while adjusted net loss was $603.1 million.
Net loss per American Depositary Share (ADS) was $0.42. Adjusted net loss per ADS was $0.36.
Vehicle deliveries were 31,041 in Q1 2023.
For the second quarter of 2023, the company expects deliveries to be between 23,000 and 25,000 vehicles, representing a decrease of approx. 8.2% to 0.2% from the same period last year.
Total revenues are expected to come between $1.27-1.36 billion, representing a decrease of around 15.1% to 9% from the year-ago quarter.
Prior performance
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was