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Why NIO Stock Is Trading Lower Today

TheMotleyFool

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Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Wednesday, following a third-quarter earnings report that, while upbeat, contained no big upside surprises.

As of 10:45 a.m. EST today, NIO's American depositary shares were down about 5.7% from Tuesday's closing price.

NIO reported its third-quarter results after the market closed on Tuesday, and they were good. The company's net loss of $154.2 million, or $0.14 per share, was narrower than the $0.17 per-share loss that Wall Street analysts had expected, and its revenue of $666.6 million also beat analysts' expectations.

Source Fool.com

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