Chinese electric vehicle startup NIO, Inc (NYSE: NIO) reported fiscal second-quarter revenue of 17.45 billion yuan ($2.40 billion), up 98.9% year-over-year and 76.1%% from the previous quarter. Analysts, on average, estimated revenue of $2.44 billion for the quarter.
Excluding share-based compensation expenses, the company reported an adjusted loss per share/ADS of (2.21) yuan or ($0.30) compared to (3.28) yuan in the year-ago quarter and (2.39) yuan in the first quarter of 2024. Analysts had called for a loss of $(0.31) per share. The stock price gained after the print.
Vehicle deliveries were 57,373 in the quarter, up by 143.9% Y/Y and 90.9% ...
