VinFast Auto Q1 EPS $(0.26) Misses $(0.22) Estimate, Sales $302.65M Rises 269.7% YoY, Company Says Total Revenues Primarily Comprised Of EV Sales
Portfolio Pulse from Benzinga Newsdesk
VinFast Auto reported Q1 earnings with a loss of $(0.26) per share, missing the consensus estimate of $(0.22). Sales reached $302.65M, marking a 269.7% increase YoY, primarily from EV sales.
April 17, 2024 | 10:18 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
VinFast Auto reported a Q1 EPS loss of $(0.26), missing estimates, but showed significant sales growth of 269.7% YoY to $302.65M, mainly from EV sales.
The miss on the EPS estimate is likely to negatively impact investor sentiment in the short term, despite the impressive sales growth. The focus on EV sales indicates a strong market position but the earnings miss may overshadow this in the immediate aftermath.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100