WoW Big Brother XPeng QR out. Beat the estimate. Little brot...

Dragon Fish OP : The Chinese electric-vehicle maker posted a net loss of 1.81 billion yuan, equivalent to $250.1 million, compared with 3.89 billion yuan a year earlier, it said Tuesday. That missed the 1.60 billion yuan net loss estimate of analysts polled by Visible Alpha.

Revenue rose 18% to 10.10 billion yuan, exceeding analysts' expectations of 10.04 billion yuan, which XPeng attributed to higher deliveries and stronger revenue from its technical collaboration with Volkswagen.

The company's gross margin rose to a record 15.3% from 14.0% in the second quarter. Its gross margin was a negative 2.7% a year earlier.

Excluding share-based compensation expenses and other items, XPeng's adjusted net loss was 1.53 billion yuan during the quarter, narrowing from 2.79 billion yuan a year ago.

For the fourth quarter, the EV maker forecast deliveries to rise 45%-51% to 87,000-91,000 vehicles and revenue to increase 17%-24% to between 15.3 billion yuan and 16.2 billion yuan.

Dragon Fish OP : Net loss missed the estimate. Only revenue beats the estimate. Not really a fantastic QR. Their Q4 target is quite high 87k to 91k. Nio is unable to beat XPeng like this.