NIO Stock Falls 6% After Disappointing Earnings and Guidance
Nio Inc. (NYSE:NIO) saw its shares slide over 6% in the US premarket on Friday after reporting worse-than-expected fourth-quarter results and disappointing guidance for the current quarter. The Chinese electric vehicle maker reported a fourth-quarter loss of RMB3.17 per share, missing analyst expectations. Revenue for the period was RMB19.7 billion, also falling short of consensus … Read more