US Stock Market News | Q2 Revenue Hits Record High, NIO Continues to Rise Over 5%
On Friday, NIO continued its upward trend from yesterday, with the stock rising over 5% to $5.11. NIO released its second-quarter financial report for 2024 yesterday, with revenue reaching a record high of 17.45 billion RMB, compared to 8.77 billion RMB in the same period last year, an increase of 99%. Market expectations were 17.38 billion RMB. The adjusted operating loss was 4.7 billion RMB, a 14% decrease year-on-year, with market expectations of a 4.86 billion RMB loss. The net loss was 5.046 billion RMB, a 16.7% decrease year-on-year
According to the Zhitong Finance and Economics APP, on Friday, NIO Inc. USD OV (NIO.US) continued its upward trend from yesterday, with the stock rising over 5% to $5.11 as of the time of writing. NIO released its second-quarter financial report for 2024 yesterday, with a revenue of 17.45 billion yuan, reaching a historical high compared to 8.77 billion yuan in the same period last year, an increase of 99%, exceeding the market expectation of 173.8 billion yuan. The adjusted operating loss was 4.7 billion yuan, a 14% decrease year-on-year, lower than the market expectation of a loss of 4.86 billion yuan; the net loss was 5.046 billion yuan, a 16.7% decrease year-on-year