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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Nio Shares Are Falling

NIO ADR Nio Inc

Nio Inc - ADR (NYSE:NIO) shares are trading lower by 4.3% to $21.04 in Friday’s pre-market session after the company reported fourth-quarter earnings results and issued weak first-quarter guidance.

Nio reported a fourth-quarter EPS loss of 16 cents, which beat the analyst consensus estimate of a loss of 21 cents. Nio also reported fourth-quarter sales of $1.55 billion, which beat the analyst consensus estimate of $1.53 billion.

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