BUZZ-XPeng's US-listed shares down, EV firm expects Q1 revenue to decline

Reuters
Mar 20
BUZZ-<a href="https://laohu8.com/S/XPEV">XPeng</a>'s US-listed shares down, EV firm expects Q1 revenue to decline

** U.S.-listed shares of Chinese EV maker XPeng XPEV.N fall 2.4% to $18.69 premarket

** XPEV says it expects Q1 revenue to be between 12.20 billion yuan and 13.28 billion yuan, representing a y/y decrease of about 16.01% to 22.84%

** Co reports revenue of 22.25 billion yuan ($3.23 billion) in Q4 vs analysts' avg est of 22.13 billion yuan, according to data compiled by LSEG

** Says it recorded a positive net profit for a single quarter for the first time

** Reports net profit of 383.2 million yuan, compared with a loss of 1.33 billion yuan a year ago

** As of last close, stock down ~6% this year

($1 = 6.8857 Chinese yuan renminbi)

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10