Why EHang Stock Is Falling Today
Shares of EHang Holdings (NASDAQ: EH) traded down as much as 11% on Friday following the Chinese autonomous flying taxi manufacturer's quarterly earnings report. The results were not bad, but this is a speculative stock arguably priced for perfection and the quarter certainly was not perfect.
On Friday EHang reported a fourth-quarter loss of $0.07 per share, missing estimates by $0.04, on revenue of $8.4 million. Quarterly revenue was up 6% year over year but fell a little short of expectations. The company sold 22 of its EH216, its flagship autonomous aerial vehicle, compared to 26 units sold in the fourth quarter of 2019.
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Source Fool.com
