NIO (NIO) reported a Q4 adjusted earnings Tuesday of 0.29 Chinese renminbi ($0.04) per diluted American depositary share, swinging from a loss of 3.17 renminbi a year earlier.

Three analysts polled by FactSet expected a loss of 0.14 renminbi.

Revenue for the quarter ended Dec. 31 was 34.65 billion renminbi, compared with 19.70 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 33.40 billion renminbi.

For Q1, the company expects revenue between 24.48 billion renminbi and 25.18 billion renminbi. Analysts surveyed by FactSet expect 23.73 billion renminbi.

Nio shares were up 4.9% in Tuesday premarket activity.