US Stock Market News | Q2 Revenue Hits Record High, NIO Continues to Rise Over 5%
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On Friday, NIO continued its upward trend from yesterday, with the stock rising over 5% to $5.11. NIO released its second-quarter financial report for 2024 yesterday, with revenue reaching a record high of 17.45 billion RMB, compared to 8.77 billion RMB in the same period last year, an increase of 99%. Market expectations were 17.38 billion RMB. The adjusted operating loss was 4.7 billion RMB, a 14% decrease year-on-year, with market expectations of a 4.86 billion RMB loss. The net loss was 5.046 billion RMB, a 16.7% decrease year-on-year
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