Microvast Holdings Q4 Adj EPS $(0.04) Beats $(0.07) Estimate, Sales $104.58M Beat $94.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Microvast Holdings (NASDAQ:MVST) reported Q4 adjusted EPS of $(0.04), surpassing the $(0.07) estimate, with sales of $104.58M exceeding the $94.43M forecast. This represents a 20% decrease in losses per share and a 61.39% increase in sales compared to the same period last year.
April 01, 2024 | 9:05 pm
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Microvast Holdings reported a smaller Q4 loss than expected and higher sales, indicating strong performance and potential growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant improvement in sales and reduction in losses compared to the previous year further strengthens the case for a positive impact on the stock price.
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