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Update: XPeng Shares Fall After Q2 Miss

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(Updates with share price movement in the headline and first paragraph.)

XPeng (XPEV) shares fell 6.3% in early Monday trading after the company posted Q2 results that missed analysts' expectations and downbeat Q3 revenue guidance.

The company reported a Q2 adjusted loss of 1.29 Chinese renminbi ($0.19) per diluted American depositary share, widening from a loss of 0.41 renminbi a year earlier.

Analysts polled by FactSet expected a loss of 0.91 renminbi.

Revenue for the quarter ended June 30 was 19.74 billion renminbi, up from 18.27 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 20.50 billion renminbi.

For Q3, the company expects revenue between 21.7 billion renminbi and 23.4 billion renminbi. Analysts surveyed by FactSet expect 26.69 billion renminbi.

Price: $11.42, Change: $-0.77, Percent Change: -6.32%

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