Chinese EV Maker Li Auto Q2 Earnings: EPS Beat, 25% Deliveries Growth, Margin Struggles And More

Quick Summary:

Li Auto Inc (NASDAQ:LI) reported fiscal second-quarter 2024 revenue growth of 10.6% year-on-year to $4.36 billion, marinally missing the analyst consensus of $4.45 billion. 

It clocked an adjusted net earnings per ADS of $0.20, which beat the analyst consensus of $0.19.

The gross margin decreased by 230 bps year over year to 21.8%, mainly due to reduced vehicle margin. 

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: News Guidance Stories That Matter Electric vehicles Mobility Benzinga Briefs Tech Emerging Markets Top Stories Earnings LI EVs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 10:18:36 (4 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22290620

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