What's Going On With VinFast Auto Stock Wednesday?
Portfolio Pulse from Nabaparna Bhattacharya
VinFast Auto Ltd. (NASDAQ:VFS) shares are trading flat after a 12% gain, following a strong Q3 with 21,912 EVs delivered, a 66% increase from the previous quarter. The company set a record in Vietnam with over 9,300 EVs delivered in September. VinFast's initiative for a green future is gaining support, and it will release Q3 financial results on November 26, with expected earnings per share at a loss of 27 cents and sales at $540.58 million.
October 23, 2024 | 1:27 pm
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VinFast Auto Ltd. reported a significant increase in EV deliveries for Q3 2024, with a 66% rise from the previous quarter. The company set a record in Vietnam, delivering over 9,300 EVs in September. Despite this growth, the stock is trading flat after a 12% gain, with Q3 financial results expected on November 26.
VinFast's significant increase in EV deliveries and record-setting performance in Vietnam are positive indicators of growth, likely to support the stock price. However, the flat trading after a 12% gain suggests the market is waiting for the Q3 financial results on November 26, which will provide further insights into the company's financial health.
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