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Stock impact report

XPeng's Q3 Revenues Increase Y/Y on Strong Delivery Growth [Yahoo! Finance]

Dorman Products, Inc. (DORM) 
Last dorman products, inc. earnings: 4/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Total revenues rose to $1.44 billion from $1.17 billion reported in the corresponding quarter of 2023. Revenues from vehicle sales totaled $1.25 billion, up from the year-ago revenues of $1.08 billion due to strong growth in deliveries. In the third quarter, the company delivered 46,533 units, up 16.3% year over year. In the third quarter of 2024, revenues from services and others totaled $190 million up from $90 million reported in the corresponding quarter of 2023. Vehicle margin rose to 8.6% compared with negative 6.1% for the same period of 2023. XPeng reported a gross margin of 15.3% compared with the negative gross margin of 2.7% reported in the same period of 2023. XPEV's research and development expenses increased to $23 million in the third quarter of 2024 from $180 million in the third quarter of 2023, while its selling, general and administrative expenses remained flat at $230 million. As of Sept. 30, 2024, XPeng's cash and cash equivalents, restricted cash, short-ter Show less Read more
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