Investing.com - Nio A ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nio A ADR announced earnings per share of -0.42 on revenue of 3.72B. Analysts polled by Investing.com anticipated EPS of -0.556 on revenue of 8.33B.
Nio A ADR shares are down 49.25% from the beginning of the year and are trading at 43.92 , down-from-52-week-high.They are under-performing the Nasdaq which is up 14.56% from the start of the year.
Nio A ADR follows other major Consumer Cyclical sector earnings this month
Nio A ADR's report follows an earnings beat by Tesla on July 26, who reported EPS of 1.45 on revenue of 11.96B, compared to forecasts EPS of 0.9417 on revenue of 11.51B.
Louis Vuitton ADR had matched expectations on July 26 with second quarter EPS of 1.74 on revenue of 17.39B, compared to forecast for EPS of 1.74 on revenue of 16.87B.
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