Why Is NIO's Stock Down Today?
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading down modestly at midday on Wednesday, a few hours ahead of the company's second-quarter earnings report, expected after the U.S. markets close.
As of noon EDT, NIO's American depositary shares were down about 2% from Tuesday's closing price.
There was no major news moving NIO's shares on Wednesday, though the company will report its second-quarter results after the U.S. markets close today. Wall Street analysts polled by Thomson Reuters expect NIO to report a loss of $0.11 per American depositary share, on average, on revenue of $1.28 billion.
Source Fool.com
