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VinFast Stock Rises on Q1 Revenue Beat Despite Wider Losses
VinFast Stock Rises on Q1 Revenue Beat Despite Wider Losses
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VinFast Auto Ltd. shares climbed 4.64% to $3.57 after reporting first-quarter revenue that surpassed analyst expectations. The Vietnamese EV Maker posted $656.5 million in sales, comfortably exceeding the $520 million consensus estimate.
While the company's loss per share widened slightly to $0.30 versus the anticipated $0.28, investors focused on the delivery growth. EV shipments surged 296% year-over-year to 36,330 units, though they declined sequentially from Q4 2024 levels.
The automaker maintained its ambitious target to double global deliveries in 2025, signaling confidence in its expansion across Southeast Asia and India. VinFast continues to dominate its home market while making inroads abroad.
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