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XPeng Q3 Net Loss Narrows, Revenue Increases; Q4 Outlook Issued
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XPeng Q3 Net Loss Narrows, Revenue Increases; Q4 Outlook Issued
Nov 19, 2024 8:37 PM

05:15 AM EST, 11/19/2024 (MT Newswires) -- XPeng ( XPEV ) reported a Q3 non-GAAP net loss Tuesday of 1.62 Chinese renminbi ($0.23) per diluted American depositary share, narrowing from a loss of 3.23 renminbi a year earlier.

Three analysts polled by FactSet expected a loss of 2.11 renminbi.

Total revenue for the quarter ended Sept. 30 was 10.10 billion renminbi, up from 8.53 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 10.03 billion renminbi.

For Q4, the company expects total revenue of 15.3 billion renminbi to 16.2 billion renminbi. Analysts surveyed by FactSet expect 15.14 billion renminbi.

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