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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Li Auto And XPeng Shares Are Falling Following Nio's Earnings Report

NIO Li Auto Xpeng NYSE Li Auto Inc Nasdaq Nio Inc Xpeng Inc

Li Auto Inc (NASDAQ:LI) and XPeng Inc - ADR (NYSE:XPEV) shares are trading lower after peer company Nio Inc - ADR (NYSE:NIO) 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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