06:14 AM EDT, 09/05/2024 (MT Newswires) -- Nio (NIO) reported a Q2 adjusted loss Thursday of 2.21 renminbi ($0.30) per diluted share, narrowing from a loss of 3.28 renminbi per share a year earlier.

Three analysts surveyed by Capital IQ expected a loss of 2.20 renminbi.

Revenue for the quarter ended June 30 was 17.45 billion renminbi, up from 8.78 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected $17.38 billion.

For Q3, the company expects revenue between 19.11 billion and 19.67 billion renminbi. Analysts polled by Capital IQ expect 18.52 billion.

The company's shares rose more than 5% in recent premarket activity Thursday.

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