Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessXPeng Shares Gain 6 percent Following Q1 Beat

XPeng Shares Gain 6 percent Following Q1 Beat

Add to Favorite
Added to Favorite


Chinese electric vehicle company XPeng (NYSE:XPEV) reported better-than-expected earnings and revenue for the first quarter of 2024, resulting in more than 6% rise in its shares pre-market today.
XPeng’s Q1 earnings per share (EPS) were (RMB0.75), significantly beating the Street estimate of (RMB2.06). The company also exceeded revenue expectations, reporting RMB6.55 billion compared to the Street estimate of RMB6.19 billion.
This revenue marked a substantial 62.3% increase from the same period last year, despite a 49.8% decrease from the previous quarter. The company delivered 21,821 vehicles in the first quarter, a healthy 19.7% year-over-year increase. Gross margin improved significantly to 12.9%, up from 1.7% in the same quarter last year, reflecting stronger profitability.
However, XPeng’s guidance for the second quarter of 2024 projects revenue between RMB7.5 billion and RMB8.3 billion, below the Street estimate of RMB9.24 billion.

Subscribe to get Latest News Updates

Latest News

You may like more
more

CyberArk Software Ltd. (NASDAQ:CYBR): A Leader in Cybersecurity Solutions

CyberArk's consensus price target has been on the rise,...

Lattice Semiconductor Corporation’s Financial Efficiency Outshines Peers

Lattice Semiconductor Corporation (NASDAQ:LSCC) demonstrates superior financial efficiency with...

Broadridge Financial Solutions, Inc. (NYSE:BR) Insider Stock Sale and Participation in Wealth Symposium

Broadridge Financial Solutions, Inc. (NYSE:BR) is a leading fintech...

Claros Mortgage Trust Inc (NYSE:CMTG) Faces Market Challenges Despite Strong Earnings

Claros Mortgage Trust Inc (NYSE:CMTG) surpasses earnings expectations with...