07:02 AM EDT, 06/06/2024 (MT Newswires) -- Nio (NIO) reported a Q1 adjusted diluted loss of 2.39 renminbi ($0.33) per share on Thursday, narrower than the loss of 2.51 renminbi per share a year earlier.

Three analysts polled by Capital IQ expected a loss of 2.82 renminbi.

Revenue for the quarter ended March 31 was 9.91 billion renminbi, down from 10.68 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected $10.45 billion.

For Q2, the company expects revenue between 16.59 billion and 17.14 billion renminbi. The analyst consensus is 14.44 billion.

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