Stock Track | Li Auto Plunges Over 11% as Q3 Earnings and Q4 Guidance Disappoint

Stock Track10-31

Shares of Chinese electric vehicle maker Li Auto (LI) plummeted more than 11% on October 31, 2024, after the company reported disappointing third-quarter earnings and provided a weaker-than-expected outlook for the fourth quarter.

Li Auto's Q3 2024 revenue of $6.11 billion missed analysts' consensus estimate of $41.67 billion, while adjusted earnings per American Depositary Share (ADS) of $0.52 fell significantly short of the expected $2.31. Despite beating on vehicle deliveries, the company's financial performance was weighed down by lower average selling prices and intense competition in the Chinese EV market.

The company's Q4 2024 guidance also appeared to disappoint investors. Li Auto expects to deliver between 160,000 and 170,000 vehicles in the fourth quarter, generating revenue in the range of $6.2 billion to $6.5 billion. However, analysts had projected higher revenue of $6.71 billion for the quarter.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1114975684?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-31 21:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1114975684","market":"hk","top_or_hot":-1,"title":"Stock Track | Li Auto Plunges Over 11% as Q3 Earnings and Q4 Guidance Disappoint","media":"Stock Track","content":"<p>Shares of Chinese electric vehicle maker Li Auto (LI) plummeted more than 11% on October 31, 2024, after the company reported disappointing third-quarter earnings and provided a weaker-than-expected outlook for the fourth quarter.</p>\n\n<p>Li Auto's Q3 2024 revenue of $6.11 billion missed analysts' consensus estimate of $41.67 billion, while adjusted earnings per American Depositary Share (ADS) of $0.52 fell significantly short of the expected $2.31. Despite beating on vehicle deliveries, the company's financial performance was weighed down by lower average selling prices and intense competition in the Chinese EV market.</p>\n\n<p>The company's Q4 2024 guidance also appeared to disappoint investors. Li Auto expects to deliver between 160,000 and 170,000 vehicles in the fourth quarter, generating revenue in the range of $6.2 billion to $6.5 billion. However, analysts had projected higher revenue of $6.71 billion for the quarter.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Li Auto Plunges Over 11% as Q3 Earnings and Q4 Guidance Disappoint</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Li Auto Plunges Over 11% as Q3 Earnings and Q4 Guidance Disappoint\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-31 21:56 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Chinese electric vehicle maker Li Auto (LI) plummeted more than 11% on October 31, 2024, after the company reported disappointing third-quarter earnings and provided a weaker-than-expected ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LI","symbol_name":"理想汽车","start_time":0,"source_url":"","article_id":"1114975684","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114975684","pubTimestamp":1730383007,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese electric vehicle maker Li Auto  plummeted more than 11% on October 31, 2024, after the company reported disappointing third-quarter earnings and provided a weaker-than-expected outlook for the fourth quarter.Li Auto's Q3 2024 revenue of $6.11 billion missed analysts' consensus estimate of $41.67 billion, while adjusted earnings per American Depositary Share  of $0.52 fell significantly short of the expected $2.31. Despite beating on vehicle deliveries, the company's financial p","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LI":"理想汽车"},"translate_title":"由于第三季度盈利和第四季度指引令人失望，理想汽车股价暴跌逾11%","themeId":"4c1bd86c4e80299dedb9ceca7e3ec45e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LI":1},"content_text":"Shares of Chinese electric vehicle maker Li Auto (LI) plummeted more than 11% on October 31, 2024, after the company reported disappointing third-quarter earnings and provided a weaker-than-expected outlook for the fourth quarter.\nLi Auto's Q3 2024 revenue of $6.11 billion missed analysts' consensus estimate of $41.67 billion, while adjusted earnings per American Depositary Share (ADS) of $0.52 fell significantly short of the expected $2.31. Despite beating on vehicle deliveries, the company's financial performance was weighed down by lower average selling prices and intense competition in the Chinese EV market.\nThe company's Q4 2024 guidance also appeared to disappoint investors. Li Auto expects to deliver between 160,000 and 170,000 vehicles in the fourth quarter, generating revenue in the range of $6.2 billion to $6.5 billion. However, analysts had projected higher revenue of $6.71 billion for the quarter.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1114975684"}