Categories AlphaGraphs, Earnings, Industrials
NIO Earnings: Nio reports net loss for Q1 2024; revenues down 7%
NIO Inc. (NYSE: NIO) reported a net loss for the first quarter of 2024 when the electric car maker’s revenues dropped 7%. The China-based company also issued guidance for the second quarter of 2024.
Net loss attributable to ordinary shareholders was $728.2 million in the March quarter, which represents a loss of $0.36 per American Depository Shares. On an adjusted basis, Q1 loss was $727.2 million.
Revenues decreased 7% year-over-year to $1.37 billion in the three months. The company delivered 30,053 vehicles in the first quarter, down 3% year-over-year.
“In April 2024, we launched the 2024 ET7 Executive Edition, featuring 180 upgrades tailored to the needs of business travelers and professionals, further enhancing our competitiveness in the premium sedan market. In addition, with a commitment to create better family life, our new smart electric vehicle brand, ONVO, along with its inaugural product L60, was unveiled in May 2024,” said Nio’s CEO William Bin Li.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Important takeaways from Conagra Brands’ Q3 2025 report
Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected revenue and profit for the February quarter, with sales declining across all business segments amid softer demand and persistent supply challenges. The
Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the
Summary: Tesla (TSLA) reports Q1 2025 production, deliveries
Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products