NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results
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Nio (NIO) Falls 5% After Reporting Wider Loss and Slashing Q2 Production Amid Chip Shortage
March 2, 2021 6:25 AM ESTEV maker NIO's (NYSE: NIO) stock price trades nearly 5% lower in pre-market Tuesday after the company reported a fourth-quarter loss of 0.93 yuan ($0.14) per share to miss on the 0.39 expected from analysts.
For the current quarter, the company said it expects to see total revenue between 7.38 billion and 7.56 billion yuan, representing a jump of about 10% compared to the 6.64 billion yuan reported for the past quarter.
NIO concluded a transformational... More
NIO Inc. (NIO) Misses Q4 EPS by 7c, Offers Q1 Guidance
March 1, 2021 5:04 PM ESTNIO Inc. (NYSE: NIO) reported Q4 EPS of ($0.14), $0.07 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1.01 billion.
Deliveries of vehicles were 17,353 in the fourth quarter of 2020, including 4,873 ES8s, 7,574... More