youtube
XPeng shares fell following second-quarter financial results that missed both earnings and revenue estimates, despite improvements in operating margins. The electric vehicle maker reported a non-GAAP loss per share of 19 cents, falling short by 8 cents, alongside a 130 million dollar revenue miss. With flat delivery numbers continuing to weigh on top-line growth and bottom-line profitability, Quant ratings have shifted to a Sell. However, management remains optimistic, targeting up to 121,000 vehicle deliveries in the third quarter as an aggressive recovery milestone.
|
