Investing.com - NIO Inc reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NIO Inc announced earnings per share of $-0.1929 on revenue of $1.48B. Analysts polled by Investing.com anticipated EPS of $-0.1724 on revenue of $1.45B.
NIO Inc shares are down 0% from the beginning of the year , still down 31.48% from its 52 week high of $25.35 set on Monday, June 27, 2022. They are broadly in line with the EUR/USD which is down 0% year to date.
NIO Inc follows other major Consumer Discretionary sector earnings this month
NIO Inc's report follows an earnings beat by Genting Singapore on Friday, August 12, 2022, who reported EPS of $0.0059 on revenue of $348.6M, compared to forecasts EPS of $0.0051 on revenue of $514M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar