VinFast Auto (NASDAQ:VFS) Second Quarter 2024 Results
Key Financial Results
- Revenue: ₫8.67t (up 9.0% from 2Q 2023).
- Net loss: ₫19t (loss widened by 50% from 2Q 2023).
- ₫8,015 loss per share (further deteriorated from ₫5,441 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
VinFast Auto Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 53%.
Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are down 7.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for VinFast Auto (2 don't sit too well with us!) that you should be aware of.
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About NasdaqGS:VFS
VinFast Auto
Engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States.
Slight with limited growth.
