Chinese electric vehicle maker Nio (NYSE: NIO) reported a loss for the third quarter that was narrower than Wall Street had expected, on good sequential and year-over-year sales growth despite a series of manufacturing challenges.
On an adjusted basis, excluding share-based compensation, Nio lost $88.4 million in the third quarter, or $0.06 per share, on revenue of $1.52 billion. Wall Street analysts polled by Thomson Reuters had expected an adjusted loss of $0.09 per share on revenue of $1.46 billion, on average.