WeRide Q2 Loss Narrows, Revenue Rises

MT Newswires Live08-12 19:18

WeRide (WRD) reported a Q2 net loss Wednesday of 1.23 Chinese renminbi ($0.18) per diluted American depositary share, narrowing from a loss of 1.35 renminbi a year earlier.

Three analysts surveyed by FactSet expected a loss of 0.89 renminbi.

Revenue for the quarter ended June 30 was 231.7 million renminbi, compared with 127.2 million renminbi a year earlier.

Four analysts surveyed by FactSet expected 176.7 million renminbi.

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

We need your insight to fill this gap
Leave a comment