NIO shares fall after sales outlook disappoints expectations
NIO reported break-even adjusted profits on sales of $4.7 billion, up 69% year over year. Wall Street expected a 4-cent per share loss on $4.8 billion in sales.
By Al RootNIO stock is falling after an outlook that didn't live up to expectations.Tuesday morning, NIO reported break-even adjusted profits from sales of $4.7 billion, up 69% year over year.
Wall Street was looking for a 4-cent per share loss on sales of $4.8 billion, according to FactSet.Results…