Microvast Holdings: Q3 Earnings Insights

Microvast Holdings MVST reported its Q3 earnings results on Thursday, November 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Microvast Holdings beat estimated earnings by 50.0%, reporting an EPS of $-0.03 versus an estimate of $-0.06.

Revenue was up $41.50 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.07 which was followed by a 2.41% drop in the share price the next day.

Here's a look at Microvast Holdings's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate -0.09 -0.1 -0.15
EPS Actual -0.02 -0.1 -0.05 -0.06
Revenue Estimate 64.19M 38.78M 60.50M 64.41M
Revenue Actual 74.95M 46.97M 64.80M 38.62M

To track all earnings releases for Microvast Holdings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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MVSTMicrovast Holdings Inc
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