Microvast Holdings Q2 Adj $(0.21) Misses $(0.07) Estimate, Sales $83.67M Miss $92.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Microvast Holdings (NASDAQ:MVST) reported Q2 losses of $(0.21) per share, missing the $(0.07) estimate by 200%. Sales were $83.67M, missing the $92.35M estimate by 9.39%. Losses increased by 950% year-over-year, while sales grew by 11.64%.
August 09, 2024 | 5:32 pm
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Microvast Holdings reported Q2 losses of $(0.21) per share, significantly missing the $(0.07) estimate. Sales of $83.67M also missed the $92.35M estimate. Losses increased by 950% year-over-year, while sales grew by 11.64%.
The significant miss on both earnings and sales estimates, coupled with a substantial year-over-year increase in losses, is likely to negatively impact MVST's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100