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Benzinga

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Adam Eckert

Why XPeng Stock Is Moving Lower Today

Xpeng NYSE Xpeng Inc XPEV

XPeng Inc (NYSE:XPEV) shares are trading lower Monday after the company reported its unaudited financial results.

XPeng said first-quarter revenue increased 152.6% year-over-year to RMB7,454.9 million ($1.18 billion), which beat the estimate of $1.09 billion, according to data from Benzinga Pro. The company reported a quarterly earnings loss of 28 cents per share, which was in line with analyst estimates.

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