VinFast Auto Q2 EPS $(0.33) Compared With $(0.24) YoY, Sales Of $357M Rises From $328M YoY
Portfolio Pulse from Nabaparna Bhattacharya
VinFast Auto reported a Q2 EPS of $(0.33), a decrease from $(0.24) year-over-year, while sales increased to $357 million from $328 million in the same period last year.
September 20, 2024 | 11:16 am
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VinFast Auto's Q2 earnings report shows a decline in EPS to $(0.33) from $(0.24) YoY, indicating increased losses. However, sales rose to $357 million from $328 million, suggesting growth in revenue.
The decrease in EPS indicates that the company is experiencing higher losses compared to the previous year, which is generally negative for stock prices. However, the increase in sales suggests some positive momentum in revenue growth. Overall, the negative EPS is likely to have a more immediate impact on the stock price, leading to a short-term decline.
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IMPORTANCE 80
RELEVANCE 100