NIO shares fall after Q2 revenue miss; CFO stays confident
Nio Inc. ADRs fell in premarket after its second-quarter revenue came in below Wall Street expectations. The CFO, Stanley Yu Qu, said he remains confident in achieving full-year operating objectives despite the miss.
Nio Inc. (NIO) American depositary shares fell in premarket trading on Tuesday after the Chinese electric-vehicle maker’s second-quarter revenue came in below Wall Street expectations, overshadowing a surprise profit and sharply higher vehicle margins.
However, CFO Stanley Yu Qu said the company re…