VinFast hits $618m in Q1 net loss despite doubling revenue year on year https://t.co/zpGCj3mGRe
Vietnam's VinFast's increased EV deliveries drive Q1 revenues higher https://t.co/6wsI8sDPKT https://t.co/8lpMF8BUEq
VinFast Stock Rises Despite Earnings, Sales Falling Short. Here’s Why. https://t.co/4XjygkwnPt




VinFast Auto reported a mixed financial performance in the first quarter of 2024. Despite a significant increase in revenues, driven by higher electric vehicle (EV) deliveries, the company faced a substantial net loss of $618 million. The GAAP earnings per share (EPS) stood at -$0.26, missing estimates by $0.02. Revenue for the quarter was $302.65 million, falling short of expectations by $119.77 million. However, the stock price of VinFast rose by 0.7% in pre-market trading as the company reaffirmed its full-year guidance for delivering 100,000 EVs.