09:50 AM EDT, 06/11/2024 (MT Newswires) -- ZEEKR Intelligent Technology Holding ( ZK ) shares were trading almost 5% lower in recent Tuesday activity despite the company beating Q1 forecasts.

The electric vehicle manufacturer reported a Q1 non-GAAP loss of 1.01 Chinese renminbi ($0.14) per diluted ordinary share, narrowing from a loss of 1.18 renminbi a year earlier.

A single analyst surveyed by Capital IQ expected a normalized loss of 11.73 renminbi.

Revenue for the quarter ended March 31 was 14.74 billion renminbi, up from 8.62 billion renminbi a year earlier.

A single analyst polled by Capital IQ expected 12.16 billion renminbi.

ZEEKR said it had 8.17 billion renminbi worth of vehicle sales in Q1, compared with 4.73 billion renminbi a year earlier.

Price: 22.50, Change: -1.21, Percent Change: -4.99