Li Auto Q1 Adjusted Earnings Drop, Revenue Rises; Q2 Sales Outlook Set
Li Auto (LI) reported Thursday Q1 adjusted earnings of 0.96 Chinese renminbi ($0.13) per diluted American depositary share, down from 1.21 renminbi a year earlier.
Analysts polled by FactSet expected 1.45 renminbi.
Revenue for the quarter ended March 31 was 25.93 billion renminbi, up from 25.63 billion renminbi a year earlier.
Analysts polled by FactSet expected 24.93 billion renminbi.
For Q2, the company expects revenue of 32.5 billion renminbi to 33.8 billion renminbi. Analysts polled by FactSet are looking for 34.57 billion renminbi.
Li Auto shares slumped 5% in premarket.
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