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NIO Slumps 5.8% as Analysts Forecast 80% Revenue Surge

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • NIO dropped 5.83% to $4.36 despite outperforming sector peers over the past month.
  • Consensus estimates forecast an 80% revenue jump to $4.78 billion and improved EPS of -$0.07 for the upcoming quarter.
  • NIO holds a Zacks Rank #2 (Buy) amid a lower-tier industry ranking.
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