Skip to main content

Market Overview

Why Is Nio's Stock Trading Higher Today?

Share:
Why Is Nio's Stock Trading Higher Today?

NIO Inc. (NYSE: NIO) shares are trading higher, rebounding from earlier weakness. The company late Thursday reported better-than-expected frist-quarter results and issued sales guidance above estimates, though the stock initially dipped on the report.

NIO reported quarterly loss of 4 cents per share, which beat the analyst consensus estimate of a loss of 16 cents per share. Nio also reported quarterly sales of $1.22 billion which beat the analyst consensus estimate of $1.02 billion by 19%.

The company issued second-quarter sales guidance with a range of $1.243 billion to $1.298 billion verse the $1.21 billion analyst estimate. 

NIO operates in China's premium electric vehicle market.

The stock was trading up 4% at $40.55 at the time of publication. The company has a 52-week high of $66.99 and a 52-week low of $3.08.

 

Related Articles (NIO)

View Comments and Join the Discussion!

Posted-In: why it's movingEarnings News Guidance Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com