===Nio Inc.(NIO) reported earnings on Thur 5 Sept 24 (b/o)

 

NIO reports EPS in-line, revs in-line; guides Q3 revs above consensus

• Reports Q2 (Jun) loss of RMB 2.21 per share, excluding non-recurring items, in-line with the FactSet Consensus of (RMB 2.21); revenues rose 98.9% year/year to RMB 17.45 bln vs the RMB 17.49 bln FactSet Consensus.
• Co issues upside guidance for Q3, sees Q3 revs of RMB19.1-19.7 bln vs. RMB 18.13 bln FactSet Consensus.
  • Deliveries of vehicles to be between 61,000 and 63,000 units, representing an increase of approximately 10.0% to 13.7% from the same quarter of 2023