Li Auto Slips 6% On Wider Loss In Q3

On:

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

Lates News:
  1. Bloomberg's Analysis: Economic Recession and Bitcoin's Impending Correction
  2. Tesla Investment in Bitcoin Could Mean More Work for Xinjiang Coal Miners
  3. Guidewire Rises On Improved Earnings, Above View
  4. World Markets Digest The Fed’s Hawkish Stance
  5. Bitcoin can effectively prolong its bull run in two ways, but they are both bearish