XP - NIO Reports Q3 Results Joins Hovnanian Enterprises Signet Jewelers And Other Big Stocks Moving Higher On Tuesday | Benzinga
U.S. stocks traded mostly lower, with the Dow Jones index falling more than 100 points on Tuesday.
Shares of NIO Inc. (NYSE: NIO) moved higher during Tuesday’s session after the company reported third-quarter financial results and issued guidance.
Nio reported third-quarter revenue of 19.07 billion yuan ($2.61 billion), up by 46.6% year-over-year and 117.4% from the previous quarter. Analysts, on average, estimated revenue of $2.63 billion for the quarter.
Excluding share-based compensation expenses, the company reported a non-GAAP loss of 2.28 yuan ($0.31) compared to 2.11 yuan in the year-ago quarter and 3.28 yuan in the second quarter of 2023. Analysts had called for a loss of $0.43 ...