XPeng (NYSE: XPEV) announced an earnings per share of -$0.27 before the bell on Tuesday, with revenue coming in at $887.7 million.
The numbers reported were against an anticipated EPS of -$0.18 and revenue of $790.19 million.
Despite the earnings miss, XPeng shares have gained on the revenue beat, rising 4.3% to $49.46.
WELCOME BONUS - Free Share Bundle When You Invest £50!
Open a UK Investment Account: Shares, ISAs, Managed Portfolio
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
IG
View Offers
Empfohlener Broker
Multi Asset Platform
Quarterly vehicle deliveries reached 25,666, a 199.2% increase year-over-year.
He Xiaopeng, Chairman and CEO of XPeng, said: “In the third quarter, we continued record-setting growth with the highest vehicle deliveries among China’s startup new energy vehicle automakers. This outperformance testifies to the market’s recognition of the differentiated value our vertically integrated in-house developed software and hardware bring to our vehicles.”
For the fourth quarter of 2021, XPeng expects vehicle deliveries to be between 34,500 and 36,500, representing a year-over-year increase of approximately 166.1% to 181.5%.
Furthermore, total revenues are expected to be between RMB7.1 billion and RMB7.5 billion, representing a year-over-year increase of about 149.0% to 163.0%.
Should You Invest in XPeng Shares?
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now