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XPeng Inc. American depositary shares each representing two Class A
2023-05-24 10:52:20 ET
Shares of XPeng (NYSE: XPEV) declined 11.5% through 10:20 a.m. ET after XPeng missed Wall Street forecasts for its first-quarter 2023 earnings this morning.
Heading into the quarter, analysts had predicted this Chinese electric vehicle manufacturer would lose only $0.26 per share on $741 million in quarterly sales. In fact, XPeng reported a loss of $0.37 per share, and its sales were only $590 million.