5 Stocks in Focus After Posting Their Earnings Reports

3. NIO Inc. (NYSE:NIO)

Number of Hedge Fund Holders: 30

Shares of NIO Inc. (NYSE:NIO) turned red after the opening bell on Friday, March 25, 2022, after issuing a weak sales outlook for the first quarter. The Chinese electric vehicle maker expects to generate revenue in the range of $1.511 – $1.567 billion for the current quarter.

The outlook represents a surge of 20.6 – 25.1 percent over the first quarter of 2021 but is below analysts’ average estimate of $1.66 billion.

The weak guidance overshadowed the better-than-expected quarterly results of NIO Inc. (NYSE:NIO). The company reported an adjusted loss of 16 cents per share for the fourth quarter, narrower than analysts’ average estimate for a loss of 21 cents per share.

Revenue came in at $1.55 billion, up 49.1 percent versus last year and above the consensus of $1.53 billion. Among other updates, NIO Inc. (NYSE:NIO) reported that it expects to deliver 25,000 – 26,000 vehicles in the current quarter.

Speaking on the results, CFO Steven Wei Feng said:

“With steadily increasing deliveries, stable average selling price, and improving manufacturing efficiency, we have achieved solid financial performance for the fourth quarter and full year of 2021 with the vehicle margin reaching 20.1% in 2021. To provide better experience to our growing global user base and accelerate our market expansion, we will continue to make decisive investments in products, core technologies and services for the years ahead.”