Microvast Holdings (NASDAQ: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.
