Categories Earnings, Industrials

Key highlights from Nio (NIO) Q2 2020 earnings results

Nio Inc. (NYSE: NIO) reported second quarter 2020 earnings results today.

Total revenues increased 146.5% year-over-year to RMB3,718.9 million ($526.4 million).

Net loss attributable to Nio’s ordinary shareholders was RMB1,207.8 million ($171 million), down 63.6% year-over-year. Adjusted net loss was RMB1,131 million ($160.1 million).

Net loss per American Depositary Share was RMB1.15 ($0.16). Adjusted net loss per ADS was RMB1.08 ($0.15).

For the third quarter of 2020, the company expects total revenues to be between RMB4,047.5 million ($572.9 million) and RMB4,212.3 million ($596.2 million), representing an increase of approx. 120.4% to 129.3% year-over-year.

Also Read:  FedEx (FDX) delivers strong Q1 results on accelerating e-commerce trends

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

Most Popular

Major earnings conferences to watch this week

After registering a slow recovery in the first half of the week, the markets pared these gains on Thursday and Friday. The weakness witnessed in the latter half of the

Illumina (ILMN) is uniquely placed to offer long-term returns. Here’s why

Illumina, Inc. (NASDAQ: ILMN), a pioneer in genome sequencing technology, has strived to strengthen its unique position in the healthcare sector through strategic partnerships and technological innovation. Its performance so

The COVID-19 pandemic gave these companies an unexpected opportunity

The COVID-19 pandemic raged through the first half of this year and continues to impact the world without signs of abating. Amid this health crisis, several companies reported strong results

Top