NIO Q3 2020 Earnings – Solid Financial Performance During a Record-Breaking Quarter

NIO Q3 2020 Earnings – Solid Financial Performance During a Record-Breaking Quarter

4 years ago
Anonymous $RGO3jP_V_c

https://wccftech.com/nio-q3-2020-earnings/

NIO (NYSE:NIO), the Chinese manufacturer of luxury electric vehicles, has been a perennial subject of interest among the wider financial world on the back of the stock’s 1,000 percent-plus year-to-date gains. Today, the company has come under a fresh spotlight as it prepares to reveal its earnings for the third quarter of 2020.

For the three months that ended on the 30th of September, NIO earned $666.6 million in revenue, exceeding consensus expectations by 6 percent and corresponding to annual growth of over 159 percent. As a refresher, the company had earned a revenue of $526.4 million during the last quarter.