China's Nio expects Q2 EV sales to more than double-March 2024-www.financetom.com

China's Nio expects Q2 EV sales to more than double

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

China's Nio expects Q2 EV sales to more than double

Jun 6, 2024 3:52 AM

SHANGHAI, June 6 (Reuters) - Chinese electric vehicle

maker Nio said on Thursday that it expected its EV

deliveries in the second quarter to more than double from a year

ago to between 54,000 and 56,000.

Revenue in the three-month period starting April would also

nearly double to about $2.3 million, the company added.

Nio posted a net loss of $718 million in the first quarter.

Previous page： Monster Beverage Second-Quarter Results Miss Estimates Amid Weak Demand Next page： Warner Bros Discovery slides as $9 billion write-down highlights TV woes

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Monster Beverage Second-Quarter Results Miss Estimates Amid Weak Demand

Aug 8, 2024

06:45 AM EDT, 08/08/2024 (MT Newswires) -- Monster Beverage ( MNST ) shares fell early Thursday as the energy drink company's second-quarter results fell short of Wall Street's estimates amid softening demand and consumer spending. Net income increased to $0.41 a share for the June quarter from $0.39 the year before, the company said late Wednesday, trailing the Capital IQ-polled...

Warner Bros Discovery slides as $9 billion write-down highlights TV woes

Aug 8, 2024

(Reuters) - Shares of Warner Bros Discovery ( WBD ) plunged 12% in premarket trading on Thursday after a $9.1 billion write-down of the media giant's TV assets sparked fresh concerns about its traditional broadcasting business. The company reported a $10 billion net loss for the second quarter due to the write-down and missed Wall Street estimates for quarterly results,...

Murphy Oil's Q2 Adjusted Earnings Rise, Revenue Falls

Aug 8, 2024

06:40 AM EDT, 08/08/2024 (MT Newswires) -- Murphy Oil ( MUR ) reported Q2 adjusted earnings Thursday of $0.81 per diluted share, up from $0.79 a year earlier. Analysts polled by Capital IQ expected $0.73. Revenue for the quarter ended June 30 was $802.8 million, down from $814.6 million a year earlier. Analysts surveyed by Capital IQ expected $796.8 million....

Prestige Consumer Healthcare Fiscal Q1 Adjusted Earnings, Revenue Fall

Aug 8, 2024

06:40 AM EDT, 08/08/2024 (MT Newswires) -- Prestige Consumer Healthcare ( PBH ) reported fiscal Q1 adjusted earnings Thursday of $0.90 per diluted share, down from $1.06 a year earlier. Analysts polled by Capital IQ expected $0.86. Revenue for the quarter ended June 30 was $267.1 million, down from $279.3 million a year earlier. Analysts polled by Capital IQ expected...