Nio's Q3 Loss Beat Expectations. But Q4 Probably Won't
Chinese electric vehicle maker Nio (NYSE: NIO) reported a loss for the third quarter that was narrower than Wall Street had expected, on good sequential and year-over-year sales growth despite a series of manufacturing challenges.
On an adjusted basis, excluding share-based compensation, Nio lost $88.4 million in the third quarter, or $0.06 per share, on revenue of $1.52 billion. Wall Street analysts polled by Thomson Reuters had expected an adjusted loss of $0.09 per share on revenue of $1.46 billion, on average.
But the news wasn't all good, as the company warned that ongoing supply chain woes will likely limit its sales growth through the end of the year and into 2022.
Source Fool.com
