Categories Consumer, Earnings

NIO’s stock soars after Q1 results beat expectations

NIO Inc. (NYSE: NIO) topped market expectations on revenue and earnings for the first quarter of 2019, sending its shares soaring over 7% in premarket hours on Tuesday.

Total revenues of RMB1,631.2 million ($243.1 million) declined 52.5% from the fourth quarter of 2018, but surpassed analysts’ estimates of $220 million. Vehicle sales were RMB1,535.2 million ($228.8 million), down 54.6% sequentially.

NIO Inc. reports first quarter 2019 earnings results

Net loss attributable to ordinary shareholders was RMB2,652 million ($395.2 million), down 32.8% compared to the first quarter of 2018. Adjusted net loss was RMB2,501.2 million ($372.7 million). Net loss per American depositary share was RMB2.56 ($0.38). Adjusted net loss per ADS was RMB2.42 ($0.36), ahead of forecasts for a loss of $0.47.

Vehicle Deliveries

Deliveries of the ES8 reached 3,989 vehicles in the first quarter of 2019, compared with 7,980 vehicles delivered in the fourth quarter of 2018. Deliveries of the ES8 in April 2019 were 1,124 vehicles, reflecting a greater-than-anticipated slowdown in monthly deliveries mainly due to the reduction in the electric vehicle subsidy and slow macro-economic conditions in China caused by the trade war with the US. Total aggregate deliveries as of April 30, 2019 were 16,461 vehicles.

On May 20, 2019, the company’s GAC-NIO joint venture announced its new brand, Hycan He Chuang, and plans to launch its first vehicle model this year.

Related: NIO Q1 2019 Earnings Preview

In June, NIO’s second production model, the ES6, a 5-seater high-performance premium electric SUV, will roll off the production line and the first deliveries to NIO users will begin in the same month. The company currently has over 12,000 ES6 pre-orders.

Outlook

For the second quarter, NIO expects the sales environment to be more challenging and anticipates an overall sequential decrease in demand and deliveries, as competition accelerates and the general automobile market in China remains muted. Against this backdrop, NIO is focusing on improving its overall network utilization and operating efficiencies.

For the second quarter of 2019, NIO expects total revenues to be RMB1,134 million to RMB1,294 million ($169-193 million), down approx. 20.7-30.5% from the first quarter of 2019.

Related: NIO Q4 2018 Earnings Results

The company expects vehicle deliveries to be between 2,800 and 3,200 units, down approx. 19.8-29.8% from the first quarter of 2019. This outlook incorporates the planned deliveries of several hundred ES6s in June 2019.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Comments

  1. Pingback: Lincoln Georgis
  2. Pingback: Marketing degree
  3. Pingback: Institutions
  4. Pingback: التحصينات
  5. Pingback: Family dentistry
  6. Pingback: fue
  7. Pingback: scientific visits
  8. Pingback: Technology
  9. Pingback: العقاقير
  10. Pingback: Clinical dentistry
  11. Pingback: Pharmacognos
  12. Pingback: economics degree
  13. Pingback: fue
  14. Pingback: social reform
  15. Pingback: innovative
  16. Pingback: binario led
  17. Pingback: cortexi
  18. Pingback: Fiverr Earn
  19. Pingback: Fiverr Earn
  20. Pingback: fiverrearn.com
  21. Pingback: fiverrearn.com
  22. Pingback: fiverrearn.com
  23. Pingback: fiverrearn.com
  24. Pingback: fiverrearn.com
  25. Pingback: fiverrearn.com
  26. Pingback: prodentim buy
  27. Pingback: TMS System
  28. Pingback: clima para hoy
  29. Pingback: fiverrearn.com
  30. Pingback: fiverrearn.com
  31. Pingback: fiverrearn.com
  32. Pingback: aussie doodle
  33. Pingback: exotic bully
  34. Pingback: jute rugs
  35. Pingback: french bulldog
  36. Pingback: future university
  37. Pingback: future university
  38. Pingback: frenchie houston
  39. Pingback: sole mare
  40. Pingback: alpha bucket hat
  41. Pingback: french bulldogs
  42. Pingback: six sigma
  43. Pingback: FUE
  44. Pingback: FUE
  45. Pingback: FUE
  46. Pingback: Packing materials
  47. Pingback: MB Removals
  48. Pingback: Classic Books 500
  49. Pingback: FiverrEarn
  50. Pingback: Coach
  51. Pingback: Media
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: partners
  55. Pingback: blood sugar
  56. Pingback: fue
  57. Pingback: french bulldog
  58. Pingback: frenchie puppies
  59. Pingback: Betting
  60. Pingback: FiverrEarn
  61. Pingback: FiverrEarn
  62. Pingback: FiverrEarn
  63. Pingback: live sex cams
  64. Pingback: live sex cams
  65. Pingback: live sex cams
  66. Pingback: FiverrEarn
  67. Pingback: FiverrEarn
  68. Pingback: FiverrEarn
  69. Pingback: FiverrEarn
  70. Pingback: FiverrEarn
  71. Pingback: FiverrEarn
  72. Pingback: serialebi qaerulad
  73. Pingback: personalized
  74. Pingback: FiverrEarn
  75. Pingback: FiverrEarn
  76. Pingback: cheap sex cams
  77. Pingback: fullersears.com
  78. Pingback: french bulldog
  79. Pingback: live sex cams
  80. Pingback: rare breed-trigger
  81. Pingback: Creditos fiscales
  82. Pingback: laundry service
  83. Pingback: 늑대닷컴
  84. Pingback: Slot Yunani
  85. Pingback: allgame
  86. Pingback: 918kiss
  87. Pingback: หวย24
  88. Pingback: pg slot
  89. Pingback: carte uno reverse
  90. Pingback: aplikasi judi slot
  91. Pingback: catskills hotel
  92. Pingback: megagame
  93. Pingback: sicarios
  94. Pingback: itsMasum.Com
  95. Pingback: FB URL Shortener
  96. Pingback: ItMe.Xyz
  97. Pingback: itme.xyz
  98. Pingback: Bulk URL Shortener
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top