Li Auto's first-quarter net profit fell despite higher revenue. The Chinese automaker reported sales of $3.6 billion for the three months ending March 31, but vehicle sales missed analyst estimates as deliveries of its first pure electric car fell short of its own targets. Earnings per share of $0.17 missed by $0.03, and revenue of $3.6 billion missed by $200 million. The company's shares plunged 19% on weak earnings and a tough outlook, falling over 13% this morning and 4.4% pre-market. Li Auto's order intake also missed expectations, and the delay of more battery electric vehicle launches further impacted investor sentiment.
Li Auto says order intake misses expectations as earnings slump https://t.co/8ys6ivdQP9
Li Auto Shares Shed 19% on Weak Earnings, Tough Outlook https://t.co/q1gHsv9I0w
Li Auto Sinks After First-Quarter Profit Plunges, Revenue Misses https://t.co/uncYxIMnVO
Li Auto shares plunge in HK on disappointing earnings, delay of more BEV launches https://t.co/KBzIrQd2s8 $LI
Li Auto Inc.’s first-quarter vehicle sales missed analyst estimates as deliveries of its first pure electric car fell short of its own target. The Chinese automaker reported sales of $3.6 billion for the three months ending March 31. https://t.co/q5Wu9z4XRs
Li Auto has fallen over 13% this morning, following their Q1 earnings and revenue miss. EPADS of $0.17 missed by $0.03, and revenue of $3.6B missed by $200M, while net profit declined. #LiAuto #StockMarket https://t.co/l4J8vHxHRU
$LI (-4.4% pre) Li Auto sees net income fall in Q1, guidance for Q2 misses expectations - cnevpost https://t.co/kbg3P4hBZZ
Li Auto Stock Is Falling. Earnings Missed, but This Was the Real Problem. https://t.co/Cm7aw3gMus
Li Auto’s first-quarter vehicle sales missed analyst estimates as deliveries of its first pure electric car fell short of its own targets https://t.co/m5opDUxfJg
Li Auto’s First-Quarter Net Profit Fell Despite Higher Revenue https://t.co/MjEf6EPqE2