Actions of Niu Technologies (NASDAQ:NIU) fell 4.6% in pre-market trading after the company released its fourth quarter results.

Quarterly results

Earnings per share rose 0.00% over the past year to $ 0.11, beating the estimate of $ 0.09.

Revenue of $ 102,987,000 up 33.74% year over year, exceeding estimate of $ 95,240,000.

Outlook

First quarter revenues are expected to be between $ 64,368,000 and $ 73,257,000.

Call details

Date: March 08, 2021

See more income on NIU

Time: 8:00 a.m.

Webcast URL AND: https://edge.media-server.com/mmc/p/n69rk3o5

Price action

52 week high: $ 53.38

The company’s 52-week low was at $ 6.08

Price action in the last quarter: down 3.32%

Company presentation

Niu Technologies designs, manufactures and sells high performance intelligent electric scooters. The company has built the smart electric scooters based on advanced and innovative technologies, including smart technologies, powertrain and battery technologies, and automotive-inspired features. It offers N, M and U series electric scooters with different models or specifications under the NIU brand. The Group’s main activities and geographic markets are mainly located in the People’s Republic of China.

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