Investing.com - NIO reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NIO announced earnings per share of -1.51 on revenue of 11.63B. Analysts polled by Investing.com anticipated EPS of -1.35 on revenue of 11.36B.
NIO shares are down 0% from the beginning of the year , still down 31.02% from its 52 week high of 199.20 set on Monday, June 27, 2022. They are broadly in line with the EUR/USD which is down 0% year to date.
NIO follows other major Consumer Discretionary sector earnings this month
NIO's report follows an earnings beat by Meituan on Friday, August 26, 2022, who reported EPS of -0.18 on revenue of 50.94B, compared to forecasts EPS of -0.4817 on revenue of 49.1B.
Jd Com had missed expectations on Tuesday, August 23, 2022 with second quarter EPS of 1.16 on revenue of 306.54B, compared to forecast for EPS of 1.63 on revenue of 306.12B.
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