Investing.com - Nio A ADR reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nio A ADR announced earnings per share of ¥-1.15 on revenue of ¥3.72B. Analysts polled by Investing.com anticipated EPS of ¥-1.75 on revenue of ¥3.51B.
Nio A ADR shares are up 245.52% from the beginning of the year and are trading at ¥13.89 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Nio A ADR shares lost 2.22% in intra-day trade the report.
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 22, who reported EPS of ¥2.18 on revenue of ¥6.04B, compared to forecasts EPS of ¥0 on revenue of ¥6.04B.
Louis Vuitton ADR had missed expectations on July 26 with second quarter EPS of ¥0.24 on revenue of ¥9.18B, compared to forecast for EPS of ¥1.73 on revenue of ¥9.18B.
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