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Nio Stock Slips on Wider Loss Than Expected, Disappointing Sales
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Key Points
- Nio listed shares fell after electric vehicle manufacturers’ fourth-quarter results were unestimated.
- Neither revenue nor delivery fell, as Nio also reported losses greater than expected.
- The Chinese company’s first-quarter forecast was also lower than analysts’ forecasts.
Shares of Nio, a listed US electric vehicle manufacturer (Neo) Its fourth-quarter sales failed to meet analyst expectations Friday morning.
Electric car maker said Friday it lost an adjusted 3.17 Chinese ($0.44 per share), wider than analysts’ expected loss per share of RMB 2.49 ($0.34). The loss revenue was $2.7 billion, nearly $5 billion from the analyst consensus of the visible Alpha compilation.
Nio delivered 72,689 cars in the last quarter of 2024, and there were no 73,144 cars expected by analysts.
The company said it expects to deliver 41,000 to 43,000 vehicles in the first quarter, generating $1.69 billion to $1.76 billion. Nio’s forecasts are well below the current analyst consensus of 62,240 and $2.36 billion in revenue.
Electric car manufacturers missed it Estimated last quarterAnd again in the quarter, it said that lower average selling prices negatively impact revenue as many Chinese competitors lowered prices to gain market share.
Nio-listed stocks fell 4% on Friday after falling 8%. They have entered a nearly 8% drop in the past 12 months.
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