NIO Inc. Reports Unaudited Second Quarter 2019 Financial Results
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NIO Inc. (NIO) Misses Q2 EPS by 27c, Revenues Beat; Offers Q3 Revenue Outlook Below Consensus
September 24, 2019 5:43 AM EDTNIO Inc. (NYSE: NIO) reported Q2 EPS of ($0.45), $0.27 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $219.7 million versus the consensus estimate of $184.6 million.
Financial Highlights for the Second Quarter of 2019
Vehicle sales were RMB1,414.5 million (US$206.1 million) in the second quarter of 2019, representing a decrease of 7.9% from the first quarter of 2019.Vehicle margin2 was negative 24.1%, compared with negative 7.2% in the first quarter of 2019. Excluding accrued recall costs, vehicle margin in the second quarter was negative 4.0%.Total revenues were RMB1,508.6 million (US$219.7 million) in the... More