XPeng (NYSE:XPEV) reported its Q1 earnings results on Wednesday, May 24, 2023 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
XPeng missed estimated earnings by 42.31%, reporting an EPS of $-0.37 versus an estimate of $-0.26.
Revenue was down $588.69 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 6.12% increase in the share price the next day.
Here’s a look at XPeng’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.36 | -0.36 | -0.29 | -0.28 |
| EPS Actual | -0.37 | -0.36 | -0.43 | -0.28 |
| Revenue Estimate | 834.05M | 1.01B | 1.06B | 1.09B |
| Revenue Actual | 745.28M | 959.23M | 1.11B | 1.18B |
To track all earnings releases for XPeng visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
