VinFast Auto Ltd reports results for the quarter ended June 30 - Earnings Summary

• VinFast Auto Ltd VFS reported a quarterly adjusted loss of 35 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of four analysts for the quarter was for a loss of 26 cents per share. Wall Street expected results to range from -29 cents to -25 cents per share.

• Revenue rose 85.5% to $662.99 million from a year ago; analysts expected $653.93 million.

• VinFast Auto Ltd's reported EPS for the quarter was a loss of 35 cents​.

• The company reported a quarterly loss of $810.96 million.

• VinFast Auto Ltd shares had fallen by 4.8% this quarter and lost 15.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for VinFast Auto Ltd is $6.00, about 43.3% above its last closing price of $3.40

This summary was machine generated from LSEG data September 4 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)