Microvast Holdings Q2 Adj EPS $(0.02) Beats $(0.09) Estimate, Sales $74.95M Beat $64.19M Estimate
Portfolio Pulse from totan@benzinga.com
Microvast Holdings reported Q2 adjusted EPS of $(0.02), beating the estimate of $(0.09) by 77.78%. The company also reported sales of $74.95M, surpassing the estimate of $64.19M by 16.77%. This represents a 60% increase in EPS and a 16.36% increase in sales compared to the same period last year.
August 07, 2023 | 8:35 pm
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Microvast Holdings reported better than expected Q2 results, with both EPS and sales beating estimates. This could potentially lead to a positive market reaction.
Microvast's Q2 results exceeded analyst expectations, which is typically a positive signal for the market. The significant increase in EPS and sales compared to the same period last year indicates strong performance, which could boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100