Market Overview

Recap: Niu Technologies Q3 Earnings

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Shares of Niu Technologies (NASDAQ:NIU) decreased 6.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 25.00% year over year to $0.15, which missed the estimate of $0.22.

Revenue of $131,740,000 rose by 43.88% year over year, which missed the estimate of $149,280,000.

Looking Ahead

Q4 revenue expected to be between $83,216,000 and $90,580,000.

Details Of The Call

Date: Nov 23, 2020

Time: 08:00 AM

ET Webcast URL: https://apac.directeventreg.com/der/toRegistration.action

Recent Stock Performance

52-week high: $37.44

Company's 52-week low was at $6.08

Price action over last quarter: Up 65.34%

Company Description

Niu Technologies designs, manufactures, and sells high-performance smart e-scooters. The company has build the smart e-scooters based on advanced and innovative technologies, including smart technologies, powertrain, and battery technologies and automotive-inspired functionalities. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The Group's principal operations and geographic markets are mainly in the People's Republic of China.

 

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Posted-In: Earnings News