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Bilibili, Conn's, XPeng, NIO: Reactions to Earnings and Delivery Figures

  • June 01st, 2023
  • 247 views

Bilibili Inc. (Nasdaq: BILI), a Chinese online entertainment platform, had a promising start to the first quarter of 2023, showing significant improvement in gross profit and a notable reduction in losses. The company reported an adjusted loss of $0.37 per share, better than the consensus forecast of a loss of $0.41 per share for the period.

As of pre-market, $BILI was trading at $16.32, reflecting an increase of $0.66 (+4.21%).

Conn's, Inc. (Nasdaq: CONN), a specialty retailer of furniture and home appliances, reported its first-quarter fiscal 2024 financial results. The company disclosed an adjusted loss of $1.52 per share, compared to the consensus estimate of a loss of $1.33 per share.

During pre-market, $CONN was trading at $3.93, indicating a decrease of $0.13 (-3.20%).

XPeng Inc. (NYSE: XPEV), a Chinese electric vehicle manufacturer, announced the delivery of 7,506 smart electric vehicles in May 2023. The company also highlighted a substantial increase in the delivery volume of the P7i model compared to the previous month.

$XPEV was trading at $7.85 in pre-market, showing a decrease of $0.03 (-0.38%).

NIO Inc. (NYSE: NIO), another Chinese electric vehicle manufacturer, shared its May 2023 delivery figures. The company delivered a total of 6,155 vehicles, consisting of 2,396 premium smart electric SUVs and 3,759 premium smart electric sedans.

As of pre-market, $NIO was trading at $7.40, experiencing a decline of $0.13 (-1.73%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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