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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard