05:38 AM EST, 03/05/2024 (MT Newswires) -- Nio (NIO) reported Tuesday a Q4 adjusted loss of 2.81 renminbi ($0.39) per diluted American depositary share, narrower than the 3.07 renminbi loss per ADS a year earlier.

Three analysts polled by Capital IQ expected 2.29 renminbi loss per ADS.

Revenue for the quarter was 17.10 billion renminbi, up from 16.06 billion renminbi a year earlier. Analysts polled by Capital IQ expected 16.83 billion renminbi.

For Q1, the company expects revenue in a range from 10.50 billion renminbi to 11.09 billion renminbi. Three analysts polled by Capital IQ are expecting 16.30 billion renminbi.