WeRide Q1 Loss Narrows, Revenue Rises; Shares Down Pre-Bell

MT Newswires Live

05/13

WeRide (WRD) reported a Q1 net loss Tuesday of 1.14 Chinese renminbi ($0.18) per diluted American depositary share, narrowing from a loss of 1.38 renminbi a year earlier.

Revenue for the quarter ended March 31 was 114.1 million renminbi, compared with 72.4 million renminbi a year earlier.

Three analysts surveyed by FactSet expected 138 million renminbi.

The company's shares were down 11% in premarket activity.

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