Shares of Niu Technologies (NASDAQ:NIU) moved higher by 4.9% in pre-market trading after the company reported Q1 results.
Earnings per share decreased 317.39% year over year to ($0.05), which missed the estimate of ($0.02).
Revenue of $32,897,000 declined by 37.85% from the same period last year, which beat the estimate of $32,500,000.
Niu Technologies hasn't issued any earnings guidance for the time being.
Q2 revenue expected to be between $82,618,000 and $92,504,000.
Conference Call Details
Date: May 18, 2020
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/5ihc8mnn
52-week high: $10.10
52-week low: $5.33
Price action over last quarter: Up 25.83%
Niu Technologies designs, manufactures, and sells high-performance smart e-scooters. The company has build the smart e-scooters based on advanced and innovative technologies, including smart technologies, powertrain, and battery technologies and automotive-inspired functionalities. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The Group's principal operations and geographic markets are mainly in the People's Republic of China.