SRRK - NIO Reports Upbeat Earnings Joins Dave V2X Riskified And Other Big Stocks Moving Higher On Tuesday | Benzinga
U.S. stocks were lower, with the Dow Jones index falling more than 200 points on Tuesday.
Shares of NIO Inc. (NYSE: NIO) rose during Tuesday’s session following upbeat quarterly results.
NIO reported fourth-quarter revenue of 17.10 billion yuan ($2.41 billion), up by 6.5% year-over-year and down by 10.3% from the previous quarter. Analysts, on average, estimated revenue of $2.29 billion for the quarter. Excluding share-based compensation expenses, the company reported an adjusted loss of (2.81) yuan or ($0.39) compared to (3.07) yuan in the year-ago quarter and (2.28) yuan in the third quarter of 2023. Analysts had called for a loss of $(0.51) per share.
NIO shares gained 3.6% to $5.52 on Tuesday.
Here are some other big stocks recording gains in today’s session.
- Apogee Therapeutics, Inc. (NASDAQ: APGE) shares gained 41.6% to $59.10 after the company announced interim results from its Phase 1 healthy volunteer trial for APG777. Also, the company reported FY23 financial results.
- Dave ...