05:58 AM EDT, 08/20/2024 (MT Newswires) -- XPeng ( XPEV ) reported a Q2 non-GAAP net loss Tuesday of 1.29 Chinese renminbi ($0.18) per diluted American depositary share, narrowing from a loss of 3.10 renminbi per ADS a year earlier.

Analysts polled by Capital IQ expected a loss of 1.32 renminbi.

Revenue for the quarter ended June 30 was 8.11 billion renminbi, compared with 5.06 billion renminbi a year earlier.

Analysts polled by Capital IQ expected 9.07 billion renminbi.

The company said it expects Q3 revenue of 9.1 billion renminbi to 9.8 billion renminbi. Analysts surveyed by Capital IQ expect 11.26 billion renminbi.

Price: 7.24, Change: +0.04, Percent Change: +0.56