VinFast Auto Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-27

VinFast Auto (NASDAQ:VFS) Third Quarter 2024 Results Key Financial Results Revenue: ₫12t (up 49% from 3Q 2023). Net loss: ₫13t (loss narrowed by 12% from 3Q 2023). ₫5,656 loss per share (improved ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 9.4%. Earnings per share  also surpassed analyst estimates by 16%.Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto industry in the US.The company's shares are down 2.5% from a week ago.Don't forget that there may still be risks. For instance, we've identified   4 warning signs for VinFast Auto   you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VFSWW":"VinFast Auto/WTS 16/07/2026 (TO PUR COM)","VFS":"VinFast Auto"},"translate_title":"VinFast Auto 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VFS":1,"VFSWW":0.9},"content_text":"VinFast Auto (NASDAQ:VFS) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: ₫12t (up 49% from 3Q 2023).\nNet loss: ₫13t (loss narrowed by 12% from 3Q 2023).\n₫5,656 loss per share (improved from ₫6,491 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:VFS Earnings and Revenue Growth November 27th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nVinFast Auto Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) also surpassed analyst estimates by 16%. \n Looking ahead, revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto industry in the US. \nPerformance of the American Auto industry.\n The company's shares are down 2.5% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   4 warning signs for VinFast Auto (3 are potentially serious)  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486401528"}