Xpeng Higher on EV Producer's Stronger-Than-Expected Results

Xpeng Higher on EV Producer's Stronger-Than-Expected Results


Xpeng Higher on EV Producer's Stronger-Than-Expected Results
Xpeng's first-quarter sales leaped to 2.95 billion yuan (US$450.4 million), topping the analyst consensus of 2.67 billion yuan.
Author:
Xpeng  (
XPEV) - Get Report shares rose Thursday after the Chinese electric-vehicle maker reported stronger-than-expected first-quarter results, including a sevenfold surge in revenue.
The Guangzhou company's net loss widened to 786.6 million yuan (US$120.1 million), or 0.99 yuan a share, from 649.8 million yuan, or 5.16 yuan a share, in the year-earlier quarter.
The adjusted net loss expanded to 696.3 million yuan (US$106.3 million), or 0.88 yuan a share, from 644.8 million yuan, or 3.56 yuan per share, a year earlier.
The analyst consensus called for an adjusted net loss of 797.6 million yuan in the latest quarter.

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