Categories AlphaGraphs, Industrials

Visual representation of Nio Inc. Q1 2020 earnings results

Nio Q1 2020 earnings infographic

Nio Inc (NYSE: NIO) reported first-quarter 2020 financial results before the regular trading hours on Thursday. Even as the company reported narrower losses than expected, revenues came in below the street consensus.

CEO William Bin Li said in a statement, “On April 29, 2020, NIO entered into the definitive agreements with the strategic investors for the investment in NIO China. The strategic investment will provide sufficient funds to support NIO’s business development, enhance our leadership in the products and technologies of smart electric vehicles, and offer services exceeding users’ expectations. The establishment of NIO China’s headquarters in Hefei will further improve our operating efficiency in the long run.”

The stock fell 4% immediately following the announcement. NIO shares are up 4% in the trailing 12-month period.

Prior performance

Most Popular

Broadcom (AVGO) seems a good buy ahead of VMware deal. Here’s why

The performance of Broadcom, Inc. (NASDAQ: AVGO) has been impressive in the last few years -- a period of high uncertainty -- as the successful business model helped it remain

Delta Air Lines (DAL): A look at the airline’s expectations for the near term

Shares of Delta Air Lines Inc. (NYSE: DAL) were down 2% on Monday. The stock has dropped 12% year-to-date. The company delivered double-digit revenue growth for its most recent quarter

Why it’s a good idea to keep an eye on Autodesk (ADSK) stock

Autodesk, Inc. (NASDAQ: ADSK) is a market leader in computer-assisted design software, catering mainly to the architecture, engineering, construction, and manufacturing sectors with its mission-critical solutions. The company, which is

Add Comment
Viewing Highlight