WeRide (WRD) reported a Q1 net loss Tuesday of 1.14 Chinese renminbi ($0.18) per diluted American depositary share, narrowing from a loss of 1.38 renminbi a year earlier.
Revenue for the quarter ended March 31 was 114.1 million renminbi, compared with 72.4 million renminbi a year earlier.
Three analysts surveyed by FactSet expected 138 million renminbi.
The company's shares were down 11% in premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments