Li Auto Q3 Earnings: 24% Topline Growth, 1 Million Deliveries Milestone, Q4 Revenue Outlook Lags Street View

Li Auto Inc (NASDAQ:LI) reported fiscal third-quarter 2024 revenue growth of 23.6% year-on-year to $6.11 billion, topping the analyst consensus of $5.84 billion. 

It clocked an adjusted net earnings per ADS of $0.52, which beat the analyst consensus of $0.42. The stock price fell after the print.

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Vehicle sales increased 22.9% to $5.9 billion due to increased vehicle deliveries. Total vehicle deliveries were 152,831 units in the quarter, a 45.4% year-over-year increase.

The vehicle margin declined by 30 bps year ...