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Benzinga
Benzinga
Business
Henry Khederian

What's Going On With XPeng Shares?

Xpeng ADR Xpeng Inc He Xiaopeng

Xpeng Inc - ADR (NYSE:XPEV) shares are trading higher by 3.7% at $28.05 during Monday’s pre-market session after the company reported better-than-expected fourth-quarter EPS and sales results. The company also issued first-quarter vehicle deliveries and sales guidance.

XPeng reported quarterly losses of 24 cents per share which beat the analyst consensus estimate of a loss of 34 cents per share. XPeng also reported quarterly sales of $1.34 billion which beat the analyst consensus estimate of $1.20 billion by 12%. This sales figure represents a 207% increase over sales of $436.99 million in the same period last year.

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