Shares of Chinese electric vehicle maker Li Auto Inc. (LI) are falling more than 6% Friday morning after reporting wider loss in the third quarter.
The company reported a loss of RMB1.65 billion or $231.3 million in the third quarter wider than RMB641.0 million in the same quarter a year ago.
Loss per ADS was RMB1.68 or $0.24 in the third quarter, compared with both RMB0.02 last year.
Excluding one-time items loss was RMB1.65 billion or $231.3 million.
Adjusted loss per ADS was RMB1.27 or $0.18.
Total revenues were RMB9.34 billion or $1.31 billion in the third quarter, an increase of 20.2% from RMB7.78 billion in the third quarter of last year.
Li is at $22.56. It has traded in the range of $12.52-$41.49 in the last 1 year.
Source: Read Full Article
-
Green Dot Corp. Drops 10% As Profit, Revenue Decline In Q2
-
How Far Away Is The $50,000 Price From the Bitcoin Market? Here’s What to Watch Out For
-
Siemens Energy Q1 Net Loss Widens, Cuts FY23 View; Stock Down
-
Vericel Rises 12%; Prel. Annual Revenue In Line With Estimates
-
Dollar Tree Falls On Lower Quarterly Profit, Outlook Shy Of Estimates