Investing.com - Nio (NYSE:NIO) A ADR reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Nio A ADR announced earnings per share of -0.98 on revenue of 4.53B. Analysts polled by Investing.com anticipated EPS of -1.23 on revenue of 4.37B.
Nio A ADR shares are down 18.37% from the beginning of the year, still down 13.99% from its 52 week high of 54.17 set on November 13. They are under-performing the EUR/USD which is down 0% from the start of the year.
Nio A ADR follows other major Consumer Cyclical sector earnings this month
Nio A ADR's report follows an earnings beat by Tesla on October 21, who reported EPS of 0.76 on revenue of 8.77B, compared to forecasts EPS of 0.59 on revenue of 8,435M.
Toyota Motor ADR had beat expectations on November 6 with second quarter EPS of 3.26 on revenue of 65.58B, compared to forecast for EPS of 2.13 on revenue of 62.58B.
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