What's Going On With VinFast Stock Today?
Portfolio Pulse from Ryan Gustafson
VinFast Auto Ltd. (NASDAQ:VFS) reported Q2 earnings with a loss of 23 cents per share, better than a loss of 25 cents YoY. Revenue totaled $334.1 million and vehicle deliveries were 9,535 units. The company anticipates vehicle deliveries of between 40,000 and 50,000 vehicles in 2023. Despite this, VFS shares were trading lower.
September 25, 2023 | 7:48 pm
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Despite better than expected Q2 earnings, VinFast's shares are trading lower. The company's positive outlook for 2023 might not have been enough to boost investor confidence.
VinFast reported better than expected Q2 earnings and a positive outlook for 2023. However, this news did not seem to boost investor confidence, as the company's shares were trading lower. This could be due to a variety of factors, including market conditions or investor sentiment towards the auto industry.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100