NIO Q4 Loss Narrower Than Expected, Revenues Increase Y/Y

NIO Inc. (NIO) incurred a loss per American Depositary Share of 45 cents in the fourth quarter of fiscal 2023, narrower than the Zacks Consensus Estimate of a loss of 51 cents. The company had reported a loss of 51 cents in the year-ago quarter.This China-based electric vehicle maker posted revenues of $2.41 billion, which topped the Zacks Consensus Estimate of $2.29 billion and increased 3.4% year over year due to higher delivery volumes.Key DetailsNIO delivered 50,045 vehicles in the fourth quarter, up 25 ...