PGJ - NIO Surpasses Q4 Earnings Expectations Eyes Growth With New Electric Flagship Launch | Benzinga
Chinese electric vehicle startup NIO, Inc (NYSE: 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.
Vehicle deliveries were 50,045 in the quarter, up by 25% Y/Y and down by 9.7% Q/Q. Consequently, vehicle revenue climbed 4.6% Y/Y and down by 11.3% Q/Q.
Gross ...