XPeng (XPEV) Misses Earnings, But Stock Rises
Schwab Network
English - December 01, 2022 21:16 - 5 minutes - 58.4 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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XPeng's (XPEV) deliveries are up 15% Y/Y with 29,570 E.V.s delivered in 3Q, which is down 14% from 2Q, says John Engle. He analyzes XPEV after earnings. He talks about how XPEV's earnings came in lower than expected with revenue coming in at $959.23M versus an estimated $995.53M. He notes that intensifying competition and darkening macroeconomic environment were key headwinds. He then goes over how China's macroeconomic environment impacts markets. Tune in to find out more about the stock market today.