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Notizie economiche
20.05.2024
Company news: Li Auto’s (LI) quarterly results miss analysts’ expectations
Li Auto (LI) reported Q1 FY2024 earnings of RMB1.21 per share (versus RMB0.13 per share in Q1 FY2023), missing analysts’ consensus estimate of RMB1.75 per share.
The company’s quarterly revenues amounted to RMB25.634 bln (+36.4% y/y), missing analysts’ consensus estimate of RMB26.661 bln.
The company also issued downside guidance for Q2 FY2024, seeing revenues of RMB29.9-31.4 bln versus analysts’ consensus estimate of RMB37.36 bln.
LI fell to $23.75 (-4.58%) in pre-market trading.
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