Name: Nio (NIO) Falls As Losses Widen & Revenue Declines
Uploaded: 2023-08-29T19:35:06.855-05:00
Duration: 6 min 47 s

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Nio Inc. (NIO) falls as losses widen and revenue declines. Its adjusted EPS came in at -$0.45 versus an estimated -$0.36 and revenue came in at $1.21B versus an estimated $1.35B. George Tsilis discusses this as NIO’s total deliveries fell 6.1% year-over-year. NIO’s 3Q revenue guidance is between $2.61B-$2.69B and deliveries between 55,000-57,000. Tune in to find out more about the stock market today.

Nio (NIO) Falls As Losses Widen & Revenue Declines

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