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: Nio stock drops after revenue comes up well short of expectations, and outlook is downbeat
The U.S.-listed shares of Nio Inc. NIO dropped 4.1% in premarket trading Friday, after the China-based electric vehicle maker reported first-quarter losses that widened and revenue that missed expectations and provided a downbeat outlook amid a decrease in average selling prices. Net losses widened to RMB4.86 billion ($707.6 million), or RMB2.91 per American depositary share, […] The post : Nio stock drops after revenue comes up well short of expectations, and outlook is downbeat appeared first...
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Posted: Jun 9 2023, 10:19
Author Name: forextv
Views: 081270