NIO (NIO) Shares Dip Pre-Market on Q2 Revenue Miss; CFO Confident in Annual Targets
NIO NIO Inc ADR
$4.23 -3.20%
View chart & analysis → - 1NIO ADS shares fell in pre-market trading Tuesday after the company missed Q2 revenue estimates.
- 2Revenue came in at RMB 32.14 billion ($4.74 billion), short of the expected RMB 33.28 billion, though net income per ADS was RMB 0.01.
- 3The revenue miss overshadowed a surprise profit and margin improvement, while the CFO expressed confidence in hitting annual operational targets.
This 3-line summary is compiled from the report below.
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