Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises
Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.Nio -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.Rev
$Alibaba$ posted financial result in premarket, which showed that:. Alibaba Q1 revenue RMB205.74 bln vs. RMB153.75 bln a year ago; FactSet consensus RMB209.11 bln.Alibaba Q1 adj. EPS RMB16.60 vs. RMB14.82 a year ago; FactSet consensus RMB14.33.Revenue was RMB205,740 million , an increase of 34% year-over-year. Excluding the consolidation of Sun Art, our revenue would have grown 22% year-over-year to RMB187,306 million .Annual active consumersof the Alibaba Ecosystem across the world reached app
Shares of NIO have dropped sharply in July.NIO’s sell-off accelerated this week amid Beijing’s hardening crackdown on multiple business sectors.However, NIO operates in a non-monopolistic market which is heavily supported by the government and is fundamentally different from sectors that Beijing has targeted lately with its antitrust agency.NIO will continue to grow sales rapidly and the risk of government intervention in the EV market is low.Shares of Chinese electric vehicle maker NIO have dr
Hot Chinese concept stocks continued to rebound in premarket trading
Hot Chinese concept stocks continue to rebound in premarket trading.Alibaba,JD.com, Pinduoduo,Baidu,DiDi Global,Nio,Xpeng Motors and Li Auto climbed between 3% and 5%.
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Growth stocks are moving, and the popular ETF money manager is making moves. Let's dive into her shopping list to see some of the stocks she bought on Tuesday.
STO Express Plans Up To 3.5 Bln Yuan Worth of Private Share Placement
Sto Express <002468.SZ>:Says It Plans To Add Transactions With Partners, Including Alibaba-Backed Cainiao, Expects Connected Transactions In 2021 To Increase About 253.9 Million Yuan .Says It Plans To Raise Up To 3.5 Billion Yuan In Private Placement Of Shares To Fund Projects, Replenish Working Capital.