Microvast Holdings Q1 2024 Adj EPS $(0.04) Beats $(0.07) Estimate, Sales $81.351M Beat $67.627M Estimate
Portfolio Pulse from Benzinga Newsdesk
Microvast Holdings (NASDAQ:MVST) reported Q1 2024 adjusted EPS of $(0.04), surpassing the $(0.07) estimate, with sales of $81.351M exceeding the $67.627M forecast. This represents a 73.19% increase in sales compared to the same period last year.
May 09, 2024 | 9:04 pm
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POSITIVE IMPACT
Microvast Holdings reported a smaller than expected Q1 2024 loss and higher sales, indicating strong performance and growth.
Microvast's earnings and sales beat are significant indicators of the company's strong performance and growth, likely leading to positive investor sentiment and potential stock price increase in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100