Microvast Stock Surges On Q2 Earnings Beat, 541% Backlog Growth, Strong Guidance

August 8, 2023

in Stocks

Reading Time: 2 mins read

Microvast Holdings Inc (NASDAQ:MVST) shares are trading higher in Monday’s after-hours session after the company reported better-than-expected second-quarter financial results.

Q2 Revenue: $74.95 million beat estimates of $64.19 million
Q2 EPS: Loss of 2 cents beat estimates for a loss of 9 cents

Microvast said revenue increased 16.4% year-over-year.

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Microvast Stock Surges On Q2 Earnings Beat, 541% Backlog Growth, Strong Guidance

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Microvast Stock Surges On Q2 Earnings Beat, 541% Backlog Growth, Strong Guidance

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