Nio stock sinks, as investors spooked by earnings miss, delivery slowdown

Nio Inc.’s American depositary shares tanked in the extended session Tuesday after the Shanghai-based electric-car maker reported a wider-than-expected quarterly loss, highlighted a delivery slowdown this year and raised more concerns about China’s economy.

Nio NIO, +3.89% said it lost 3.5 billion renminbi ($511.5 million) in the fourth quarter, or 49 cents a share. Revenue reached 3.4 billion renminbi ($499.7 million) in the quarter, compared with 1.5 billion renminbi in the third quarter. Nio did not provide year-ago numbers.

Analysts polled by FactSet expected a quarterly loss of 32 cents a share on sales of $493 million.

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