Chinese EV start-up NIO is set to report second-quarter numbers Tuesday morning amid questions about competition, demand, pricing, and the Chinese economy. A lot more than just bottom-line earnings will be investors’ focus.
The loss from estimated aggregated by FactSet is a little bigger at 41 cents a share. Sales estimates are similar. FactSet is an aggregation of five numbers. Bloomberg is using nine estimates. A big rebound is expected for the third quarter. NIO delivered 20,462 units in July, boosted by sales of the ES6 SUV which have been growing since its introduction in May 2023. July deliveries exceeded 10,000 units in July.
Delivery guidance will tell a story about how NIO is doing. It will also reveal something about EV demand in China. In the first seven months of the year, battery-electric vehicle demand is up about 25% year over year, according to data aggregated by Citi analyst Jeff Chung. Strong, but August sales are set to fall a little year over year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jobs report, inflation data, Best Buy earnings, US Open top week aheadIt's a big week for jobs and housing data as well as more retail earnings as investors wind down the final days of August leading into the Labor Day holiday weekend.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Jobs and Inflation Data, Salesforce and Best Buy Earnings, and More to Watch This WeekEarnings reports from Best Buy, HP, Salesforce, Broadcom, Dollar General, and more. Plus, August jobs data, July core PCE inflation, and the July JOLTS report.
Source: MarketWatch - 🏆 3. / 97 Read more »
This Week in Business: Job openings, Chewy earnings, August jobs reportOn Tuesday, the government reports on job openings for July; Pet food and supplies company Chewy reports financial results on Wednesday; On Friday, the Labor Department releases its August jobs report.
Source: AP - 🏆 728. / 51 Read more »
Morgan Stanley downgrades CrowdStrike ahead of earningsThe analyst lowered his price target to $167 from $178, which suggests the stock could still climb more than 11%.
Source: CNBC - 🏆 12. / 72 Read more »
CrowdStrike Stock Gets a Downgrade Ahead of EarningsMorgan Stanley analyst Hamza Fodderwala downgraded the shares to Equal-Weight from Overweight, citing a difficult demand environment.
Source: MarketWatch - 🏆 3. / 97 Read more »
CrowdStrike Stock Falls on Downgrade Ahead of EarningsMorgan Stanley analyst Hamza Fodderwala downgrades the shares to Equal Weight from Overweight, citing a difficult demand environment.
Source: MarketWatch - 🏆 3. / 97 Read more »