By George Glover
NIO stock was dropping on Friday after the electric vehicle maker missed Wall Street's revenue forecast and issued disappointing guidance.
The Chinese company's American depositary receipts tumbled 5.3% to $4.46 ahead of the opening bell. Futures tracking the S&P 500 were down 0.3%.
NIO reported fourth-quarter revenue of 19.7 billion Chinese yuan ($2.70 billion), as the number of EVs it delivered climbed 45% from a year ago to 72,689. Analysts were expecting revenue of $2.79 billion, according to FactSet consensus estimates.
Guidance also looked soft. NIO said it expects to deliver between 41,000 and 43,000 vehicles over the current quarter. It's predicting revenue of between $1.69 billion and $1.76 billion -- the midpoint of those figures is well below the $2.48 billion that analysts were forecasting.
This is breaking news. Check back for more analysis soon.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 21, 2025 06:04 ET (10:04 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。